NEWS: Crude oil price is falling -2.0% as Ukrainian President Volodymyr Zelenskiy signaled a willingness to pursue peace talks.
Possible Scenarios:
If Crude oil fails to breach through S1 of 56.930, our Research Department expects the Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 56.930, our Research Department expects the Crude oil to extend its losses to its S2 of 56.488
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
56.045 |
56.488 |
56.930 |
57.520 |
58.110 |
58.553 |
58.995 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.82 |
(+/-) £76.59 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.15187
***GBP/USD = 1.30572
Calculations for exchange rate used as of Friday, November 21 2025, 10:31 GMT