Crude oil prices increased 1.1%

Fast Moving Market - 26/09/2023

26 September, 2023

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 increased 1.1%. Crude oil prices increased sharply as risk sentiment toward the commodity improved.

Possible Scenarios:

If Crude oil fails to breach through R2 of 90.457, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R2 of 90.457, our Research Department expects the Crude oil to extend its gains to its R3 of 91.094.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	86.846	87.483	88.120	88.970	89.820	90.457	91.094

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €94.46	(+/-) £82.14

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.05867
***GBP/USD = 1.21743
Calculations for exchange rate used as of Tuesday, September 26, 2023, GMT+1 15:30h

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