NEWS: Crude oil price is rising 2% as tensions between the United States and Venezuela move closer to escalation.
Possible Scenarios:
If Crude oil fails to breach through R2 of 56.860, our Research Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R2 of 56.860, our Research Department expects Crude oil to extend its gains to its R3 of 57.299.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
54.371 |
54.810 |
55.249 |
55.835 |
56.421 |
56.860 |
57.299 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.35 |
(+/-) £75.03 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17167
***GBP/USD = 1.33288
Calculations for exchange rate used as of Wednesday, December 17, 2025, 09:10 GMT