NEWS: Crude oil price is rising 1.0% as volatility rises ahead of tomorrow’s Russia-Ukraine and U.S.-Iran talks.
Possible Scenarios:
If Crude oil fails to breach through R1 of 64.022, our Research Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 64.022, our Research Department expects Crude oil to extend its gains to its R2 of 64.62.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
61.232 |
61.830 |
62.428 |
63.225 |
64.022 |
64.620 |
65.218 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €84.35 |
(+/-) £73.35 |
*1 trading lot is equivalent of 1000 units
**EUR/USD= 1.18559
***GBP/USD= 1.36332
Calculations for exchange rate used as of Monday, February 16, 2026, 15:00 GMT