NEWS: Crude oil price is falling -1.7% following US inflation data that came out in line with expectations
Possible Scenarios:
If Crude oil fails to breach through S2 of 62.552, our Research Department expects the Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 62.552, our Research Department expects the Crude oil to extend its losses to its S3 of 62.142
Support and Resistance Levels:
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
62.142 |
62.552 |
62.963 |
63.510 |
64.057 |
64.468 |
64.878 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.44 |
(+/-) £73.9 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17037
***GBP/USD = 1.35326
Calculations for exchange rate used as of Thursday, September 11, 2025, 14:00 GMT+1