Crude Oil price is rising 1.3%

Fast Moving Market - 16/01/2026

16 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 rising 1.3% as uncertainty remains high over potential intervention by the USA in Iran

Possible Scenarios:

If Crude oil fails to breach through R1 of 60.501, our Research Department expects Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R1 of 60.501, our Research Department expects Crude oil to extend its gains to its R2 of 61.142.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	57.506	58.148	58.789	59.645	60.501	61.142	61.784

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €86.1	(+/-) £74.63

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16147
***GBP/USD = 1.33986
Calculations for exchange rate used as of Friday, January 16, 2025, 09:30 GMT

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