Crude Oil

Crude Oil weekly special report based on 1.00 Lot Calculation:

TECHNICAL ANALYSIS:

• LONG-TERM SUPPORT AREA BELOW THE PSYCHOLOGICAL MARK OF $60: Crude oil price has recently tested levels below $60, which has been acting as a support area since early 2021.
• 4-YEAR AVERAGE DAILY PRICE (MAY 2021 – MAY 2025): $79.60. The Crude Oil average price in the period between May 2021 and 2025, which includes the Russia-Ukraine war, has been $79.60. (Data Source: Meta Trader 4)
• BREAKING (MAY 5): CRUDE OIL PRICES TESTED THE LEVEL OF $55.36. After testing the mark of $55.36, Crude oil prices managed to recover and hit $64.140 on May 20 (Data Source: MetaTarder 4).
• BREAKING (APRIL 9): CRUDE OIL PRICES HIT THEIR LOWEST LEVEL SINCE FEBRUARY 2021 ($55.115): Crude oil prices fell to their lowest in more than four years to hit the level of $55.115 on April 9. After testing the mark of $55.115, Crude oil prices managed to recover and hit $64.845 on April 23. However, there remains a risk of a potential breakout below this level if market conditions change. (Data Source: MetaTarder 4).

GRAPH (Daily): February 2021 – May 2025

Please note that past performance does not guarantee future results

GLOBAL TRADE:

• BREAKING (MAY 5): U.S. AND CHINA ANNOUNCED A TARIFF RELIEF FOR 90 DAYS: U.S. and China have reduced tariffs, 145% to 30% (U.S.) and 125% to 10% (China). The deal could boost oil demand by easing trade and stimulating China’s economy, which is expected to drive higher usage of oil, supporting global prices.
• BREAKING (MAY 8): U.S. AND U.K. ANNOUNCED A TRADE DEAL ON THURSDAY, MAY 8. President Trump said this is the first of many to follow.

GEOPOLITICS:

• EVENT (EXPECTED: FRIDAY, MAY 23): FIFTH ROUND OF TALKS IS EXPECTED TO TAKE PLACE IN ROME, ITALY. A fifth round of talks is expected to take place in Rome on Friday (May 23) pending confirmation, according to Oman’s foreign minister.
• MIDDLE EAST TENSIONS HAVE RECENTLY RISEN AS NO CONCRETE DEALS HAVE BEEN MADE, WHILE ISRAEL COULD BE PREPARING TO ATTACK IRANIAN NUCLEAR FACILITIES. The latest round of talks between the US and Iran has ended in Oman with no concrete agreements. Iran is still insisting on continuing its uranium enrichment program, while the USA wants zero uranium enrichment from Iran. In addition, CNN reported on Tuesday (May 20) that the US has obtained intelligence suggesting that Israel is making preparations to strike Iranian nuclear facilities.
• RUSSIA-UKRAINE PEACE TALKS IN JEOPARDY. Uncertainties remain high even after President Trump- President Putin's phone call on May 19, as no breakthroughs have been announced. The phone call happened after a round of unsuccessful talks between Russia and Ukraine in Istanbul, Turkey, on May 16.

EVENTS (OIL):

• TUESDAY, MAY 27 AT 21:30 GMT+1: AMERICAN PETROLEUM INSTITUTE (API) WEEKLY OIL INVENTORY DATA (USA). If data showed a declining inventory for the past week, then positive support for the oil price could be expected. However, the price could decline.
• WEDNESDAY, MAY 28 AT 15:30 GMT+1: ENERGY INFORMATION ADMINISTRATION (EIA) OIL INVENTORY DATA (USA). If data showed a declining inventory for the past week, then positive support for the oil price could be expected. However, the price could decline.
• SUNDAY, JUNE 1: OPEC+ MEETING. According to Bloomberg, OPEC+ members will discuss whether or not to agree on another production increase in July at their meeting on June 1.

Crude Oil, May 22, 2025
Current Price: 60.50

Example of calculation based on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 10:00 (GMT+1) 22/05/2025

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than the suggested one.
• Trailing stop techniques could protect the profit.