CRUDE OIL
September 18, 2026
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
Weekly Special Report: CRUDE OIL
TECHNICAL ANALYSIS:
- RESISTANCE AREA: $100. Since the Middle East war began on February 28, 2026, crude oil has tested the $100 level or above 10 times. The price recently tested this region for the 11th time. It is worth noting that, on previous occasions, whenever crude oil tested $100 or above, it remained above this level for an average of 2.7 days, followed by a pullback below the $100 mark.
LAST TIME: Crude oil broke above $100 on September 15 and spent less than two days above the $100 mark.
- SUPPORT AREA: $87. Following previous tests of the $100 level or above, crude oil prices have subsequently pulled back toward the $87 region on average. This level could therefore be considered a potential support area when crude oil again retreats below $100.
GRAPH (Daily): February 2026 – September 2026
Data Source: Meta Trader 4 Platform
Please note that past performance does not guarantee future results
Crude Oil, September 18, 2026
Current Price: 95.50
|
Crude Oil |
Weekly |
|
105 |
|
|
103 |
|
|
100 |
|
|
87 |
|
|
83 |
|
|
80 |
DOWNTREND
- U.S. ENERGY SECRETARY CHRIS WRIGHT SAID AROUND 11 MILLION BARRELS OF OIL FLOW THROUGH THE STRAIT OF HORMUZ EACH DAY. Around 11 million barrels a day of oil flow through the Strait of Hormuz, with an additional 5 million barrels a day of oil supply bypassing the Strait through pipelines. This means that around 16 million barrels a day of oil flow out of the Gulf, compared with around 20 million barrels a day before the war.
- DIPLOMATIC EFFORTS: Pakistan, Qatar, and Oman are making efforts to bring the United States and Iran to the negotiation table.
- U.S.–VENEZUELA DEAL: A long-term deal between the United States and Venezuela could lead to an increase in oil supply.
- U.S. MIDTERM ELECTIONS (NOVEMBER 3, 2026): The U.S. administration is under increasing pressure as oil prices reach levels not seen in three months.
Sources: Reuters, CNBC, Bloomberg, OILPRICE.COM, Fox News
Example of calculation based on weekly market trend for 1.00 Lot1
|
CRUDE OIL |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
-9,500 |
-7,500 |
-4,500 |
8,500 |
12,500 |
15,500 |
|
Profit or loss in €2 |
-8,276 |
-6,533 |
-3,920 |
7,405 |
10,889 |
13,502 |
|
Profit or loss in £2 |
-7,106 |
-5,610 |
-3,366 |
6,358 |
9,351 |
11,595 |
|
Profit or loss in C$2 |
-13,296 |
-10,497 |
-6,298 |
11,896 |
17,494 |
21,693 |
- The above calculations are made based on 1.00 lot which is equivalent of 1000 units
- Calculations for exchange rate used as of 09:30 (GMT+1) 18/09/2026
You can use risk management tools such as Stop-Loss and Take-Profit
UPTREND
- YEMENI HOUTHIS–SAUDI ARABIA CONFLICT: The conflict between the Yemeni Houthis and Saudi Arabia continues to escalate, putting upward pressure on oil prices.
- STRAITS OF HORMUZ AND BAB EL-MANDEB UNCERTAINTIES: Continued uncertainty surrounding the Strait of Hormuz and the Bab el-Mandeb Strait could keep upward pressure on oil prices.
- U.S.–IRAN CONFLICT: The United States and Iran have recently exchanged strikes and attacks. They also engaged in tanker-for-tanker attacks, keeping upward pressure on oil prices.
Sources: Reuters, CNBC, Bloomberg, OILPRICE.COM, Fox News
Example of calculation based on weekly market trend for 1.00 Lot1
|
CRUDE OIL |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
9,500 |
7,500 |
4,500 |
-8,500 |
-12,500 |
-15,500 |
|
Profit or loss in €2 |
8,276 |
6,533 |
3,920 |
-7,405 |
-10,889 |
-13,502 |
|
Profit or loss in £2 |
7,106 |
5,610 |
3,366 |
-6,358 |
-9,351 |
-11,595 |
|
Profit or loss in C$2 |
13,296 |
10,497 |
6,298 |
-11,896 |
-17,494 |
-21,693 |
- The above calculations are made based on 1.00 lot which is equivalent of 1000 units
- Calculations for exchange rate used as of 09:30 (GMT+1) 18/09/2026
You can use risk management tools such as Stop-Loss and Take-Profit
