NEWS: Crude oil price is falling 2.3%, testing its lowest price since April 2025 as latest reports have shown progress in Ukraine- Russia peace talks.
Possible Scenarios:
If Crude oil fails to breach through S2 of 54.784, our Research Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 54.784, our Research Department expects Crude oil to extend its losses to its S3 of 54.381
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
54.381 |
54.784 |
55.187 |
55.725 |
56.263 |
56.666 |
57.069 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €84.75 |
(+/-) £74.39 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17996
***GBP/USD = 1.34432
Calculations for exchange rate used as of Tuesday, December 16, 2025, 15:00 GMT