NEWS: Crude oil price is rising 5.2% amid high volatility as tensions remain very high in the Middle East after the elimination of another high Iranian command.
Possible Scenarios:
If Crude oil fails to breach through R1 of 99.751, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 99.751, our Analysis Department expects Crude oil to extend its gains to its R2 of 102.132.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
88.636 |
91.018 |
93.399 |
96.575 |
99.751 |
102.132 |
104.514 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.84 |
(+/-) £75.07 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.15154
***GBP/USD = 1.33204
Calculations for exchange rate used as of Wednesday, March 18, 2026, 12:53: PM