Crude oil price is rising 2.3%

Fast Moving Market - 05/03/2026

05 March, 2026

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Crude oil price is rising 2.3% amidst higher tensions in the Middle East and as the Strait of Hormuz closure persists.

Possible Scenarios:

If Crude oil fails to breach through R2 of 79.248, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R2 of 79.248, our Research Department expects the Crude oil to extend its gains to its R3 of 80.52.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	72.040	73.312	74.584	76.280	77.976	79.248	80.520

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €84.5	(+/-) £74.93

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.18345
***GBP/USD = 1.33454
Calculations for exchange rate used as of Thursday, March 5, 2026, 14:23 GMT

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