NEWS: Crude oil price is rising 1.4% as volatility rises amid ongoing Russia-Ukraine and U.S.-Iran talks in Geneva today.
Possible Scenarios:
If Crude oil fails to breach through R1 of 64.407, our Research Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 64.407, our Research Department expects Crude oil to extend its gains to its R2 of 65.005.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
61.617 |
62.215 |
62.813 |
63.610 |
64.407 |
65.005 |
65.603 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €84.43 |
(+/-) £73.61 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.18436
***GBP/USD = 1.35859
Calculations for exchange rate used as of Tuesday, February 17, 2026, 11:27 GMT