Crude oil price is increasing 1.3%

Fast Moving Market - 13/01/2026

13 January, 2026

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 increasing 1.3% after US President Donald Trump announced 25% tariffs for countries that are doing business with Iran.

Possible Scenarios:

if Crude oil fails to breach through R1 of 60.468, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R1 of 60.468, our Research Department expects the Crude oil to extend its gains to its R2 of 61.082.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	57.605	58.219	58.832	59.650	60.468	61.082	61.695

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €85.68	(+/-) £74.16

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16710
***GBP/USD = 1.34839
Calculations for exchange rate used as of Tuesday, January 13, 2025, 09:36 GMT

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