NEWS: Crude oil price is falling 2.2%, testing a seven-week low as expectations grow for another OPEC+ output hike in November.
Possible Scenarios:
If Crude oil fails to breach through S1 of 60.985, our Research Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 60.985, our Research Department expects Crude oil to extend its losses to its S2 of 60.479.
Support and Resistance Levels:
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
59.973 |
60.479 |
60.985 |
61.660 |
62.335 |
62.841 |
63.347 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.05 |
(+/-) £73.96 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17575
***GBP/USD = 1.35213
Calculations for exchange rate used as of Wednesday, October 1, 2025, 14:30 GMT+1