Crude oil price is rising 1.4%
November 11, 2026
NEWS: Crude oil price is rising 1.4% after testing its lowest level in more than 10 weeks yesterday, as uncertainty in the Middle East remains high despite ongoing diplomatic efforts.
Possible Scenarios:
If Crude oil fails to breach through R1 of 89.330, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 89.330, our Analysis Department expects Crude oil to extend its gains to its R2 of 90.991.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
81.578 |
83.239 |
84.900 |
87.115 |
89.330 |
90.991 |
92.652 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.77 |
(+/-) £75.04 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.11391
***GBP/USD = 1.33263
Calculations for exchange rate used as of Wednesday, November 11, 2026, 10:25 GMT