Crude oil price is rising 2.3%
October 15, 2026
NEWS: Crude oil price is rising 2.3% on Thursday, trading near a two-week high after Iran reported another tanker fire near the Strait of Hormuz.
Possible Scenarios:
If Crude oil fails to breach through R1 of 95.13, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 95.13, our Analysis Department expects Crude oil to extend its gains to its R2 of 96.098.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
90.615 |
91.583 |
92.550 |
93.840 |
95.130 |
96.098 |
97.065 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.22 |
(+/-) £75.48 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.12086
***GBP/USD = 1.32481
Calculations for exchange rate used as of Thursday, October 15, 2026, 14:27 GMT+1