NEWS: Crude oil price is falling -1.7% after reports indicate that OPEC+ may approve an additional 137,000 bpd output increase for November at its meeting on Sunday.
Possible Scenarios:
if Crude oil fails to breach through S2 of 61.304, our Research Department expects the Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 61.304, our Research Department expects the Crude oil to extend its losses to its S3 of 60.798
Support and Resistance Levels:
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
60.798 |
61.304 |
61.810 |
62.485 |
63.160 |
63.666 |
64.172 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.15 |
(+/-) £74.26 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17439
***GBP/USD = 1.34667
Calculations for exchange rate used as of Wednesday, October 1, 2025, 10:20 GMT+1