CRUDE OIL price is falling -2.5%

Fast Moving Market - 19/04/2024

19 April, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: CRUDE OIL price is falling -2.5% after rising sharply on news of Israel's attack on Iran.

Possible Scenarios:

If CRUDE OIL fails to breach through S2 of 82.284, our Research Department expects the CRUDE OIL to undergo a short- term upward correction.

If CRUDE OIL manages to break below its S2 of 82.284, our Research Department expects the CRUDE OIL to extend its losses to its S3 of 81.660

Support and Resistance Levels:

CRUDE OIL	S3	S2	S1	Reference Price	R1	R2	R3
CRUDE OIL	81.660	82.284	82.908	83.740	84.572	85.196	85.820

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €93.88	(+/-) £80.38

*1 trading lot is equivalent of 1000 units
**EUR/USD= 1.06515
***GBP/USD= 1.24406
Calculations for exchange rate used as of Friday, April 19, 2024, 08:34 GMT+1

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