NEWS: Crude Oil price is rising 1.6% after a Ukrainian drone attack forced Russia’s Novorossiysk port to suspend oil exports, adding fresh supply disruption risks to the market.
Possible Scenarios:
If Crude Oil fails to breach through R1 of 60.915, our Research Department expects Crude Oil to undergo a short- term downward correction.
If Crude Oil manages to break above its R1 of 60.915, our Research Department expects Crude Oil to extend its gains to its R2 of 61.379.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
58.746 |
59.211 |
59.675 |
60.295 |
60.915 |
61.379 |
61.844 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.1 |
(+/-) £76.06 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16175
***GBP/USD = 1.31490
Calculations for exchange rate used as of Friday, November 14 2025, 10:26 GMT