Crude oil price is falling 1.9%
October 27, 2026
NEWS: Crude oil price is falling 1.9%, breaking below the $100 level as recent Middle East negotiations have brought back some optimism.|
Possible Scenarios:
If Crude oil fails to breach through S2 of 99.200, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 99.200, our Analysis Department expects Crude oil to extend its losses to its S3 of 97.992.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
97.992 |
99.200 |
100.409 |
102.020 |
103.631 |
104.840 |
106.048 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.74 |
(+/-) £75.08 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.11436
***GBP/USD = 1.33186
Calculations for exchange rate used as of Tuesday, October 27, 2026, 15:14 GMT