Crude oil prices are rising 2.5%

Fast Moving Market - 20/01/2026

20 January, 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 prices are rising 2.5%, breaking back above $60, as tensions in the Middle East rise.

Possible Scenarios:

If Crude oil fails to breach through R2 of 60.612, our Research Department expects Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R2 of 60.612, our Research Department expects Crude oil to extend its gains to its R3 of 61.174.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	57.426	57.988	58.550	59.300	60.050	60.612	61.174

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €85.3	(+/-) £74.28

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17238
***GBP/USD = 1.34620
Calculations for exchange rate used as of Tuesday, January 20, 2026, 15:15 GMT

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