NEWS: Crude oil price is increasing 0.7% following a strike on the Russian crude oil rafinery Syzran in the Krasnodar region
Possible Scenarios:
If Crude oil fails to breach through R2 of 60.187, our Research Department expects the Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R2 of 60.187, our Research Department expects the Crude oil to extend its gains to its R3 of 60.481.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
58.519 |
58.813 |
59.108 |
59.500 |
59.892 |
60.187 |
60.481 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.86 |
(+/-) £74.93 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16469
***GBP/USD = 1.33466
Calculations for exchange rate used as of Friday, December 05 2025, 14:45 GMT