Crude oil price is falling 3.2%
November 10, 2026
NEWS: Crude oil price is falling 3.2% amid growing optimism over diplomatic efforts between the U.S. and Iran, while U.S.-mediated talks between Russia and Ukraine began this morning in Abu Dhabi.
Possible Scenarios:
If Crude oil fails to breach through S1 of 81.488, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 81.488, our Analysis Department expects Crude oil to extend its losses to its S2 of 79.694
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
77.900 |
79.694 |
81.488 |
83.880 |
86.272 |
88.066 |
89.860 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.08 |
(+/-) £74.48 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.12258
***GBP/USD = 1.34256
Calculations for exchange rate used as of Tuesday, November 10, 2026, 9:53: AM