NEWS: Crude oil price is falling 2.3%, pulling back from its session highs above $57 ahead of the API weekly oil inventory data later today at 21:30 GMT+1.
Possible Scenarios:
If Crude oil fails to breach through S1 of 56.372, our Research Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 56.372, our Research Department expects Crude oil to extend its losses to its S2 of 55.930.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
55.489 |
55.930 |
56.372 |
56.960 |
57.548 |
57.990 |
58.431 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.12 |
(+/-) £74.77 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16113
***GBP/USD = 1.33743
Calculations for exchange rate used as of Tuesday, October 21, 2025, 15:00 GMT+1