Crude oil price is increasing 2.1%

Fast Moving Market - 16/04/2025

16 April, 2025

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 2.1% as hopes rise for a de-escalation of the trade war between China and the US

Possible Scenarios:

If Crude oil fails to breach through R1 of 62.743, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R1 of 62.743, our Research Department expects the Crude oil to extend its gains to its R2 of 63.826.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	57.692	58.774	59.857	61.300	62.743	63.826	64.908

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €87.95	(+/-) £75.48

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.13700
***GBP/USD = 1.32479
Calculations for exchange rate used as of Wednesday, April 16, 2025, 15:50 GMT+1

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