NEWS: Crude oil price is rising 1.7% as it rebounded from its lowest levels in two weeks amidst ongoing war conflict between Russia and Ukraine.
Possible Scenarios:
If Crude oil fails to breach through R2 of 60.64, our Research Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R2 of 60.64, our Research Department expects Crude oil to extend its gains to its R3 of 61.007.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
58.563 |
58.930 |
59.296 |
59.785 |
60.274 |
60.640 |
61.007 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.84 |
(+/-) £76.44 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.15156
***GBP/USD = 1.30829
Calculations for exchange rate used as of Thursday, November 6, 2025, 09:30 GMT