NEWS: Crude oil price is rising 1.6% as the end of the U.S. government shutdown supports expectations for stronger energy demand.
Possible Scenarios:
If Crude oil fails to breach through R1 of 59.785, our Research Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 59.785, our Research Department expects Crude oil to extend its gains to its R2 of 60.284.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
57.457 |
57.956 |
58.455 |
59.120 |
59.785 |
60.284 |
60.783 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.07 |
(+/-) £75.95 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16178
***GBP/USD = 1.31659
Calculations for exchange rate used as of Thursday, November 13 2025, 13:59 GMT