Oil prices are increasing 8.1%

Fast Moving Market - 06/03/2026

06 March, 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: Oil prices are increasing 8.1% on Friday, as intensifying conflict in the Middle East and the closure of the Strait of Hormuz continued to underscore supply disruption fears.

Possible Scenarios:

if Crude oil fails to breach through R2 of 87.717, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R2 of 87.717, our Research Department expects the Crude oil to extend its gains to its R3 of 89.233.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	79.127	80.643	82.159	84.180	86.201	87.717	89.233

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €84.5	(+/-) £74.99

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.18345
***GBP/USD = 1.33356
Calculations for exchange rate used as of Friday, March 6, 2026, 13:55 GMT

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