NEWS: Crude oil price is rising 1.5% as CNN reported that Rubio-Lavrov previously planned meeting was put on hold for this week, which could delay the Trump-Putin Summit in Budapest, Hungary.
Possible Scenarios:
If Crude oil fails to breach through R1 of 57.548, our Research Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 57.548, our Research Department expects Crude oil to extend its gains to its R2 of 57.990.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
55.489 |
55.930 |
56.372 |
56.960 |
57.548 |
57.990 |
58.431 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.1 |
(+/-) £74.77 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16143
***GBP/USD = 1.33739
Calculations for exchange rate used as of Tuesday, October 21, 2025, 11:36 GMT+1