Gasoline Weekly Special Report based On 1.00 Lot Calculation:
GEOPOLIITICS: MIDDLE EAST
- MIDDLE EAST WAR BEGAN ON FEBRUARY 28, 2026
THE STRAIT OF HORMUZ IS “CLOSED.” Iranian forces said they will not allow ships to pass through the strait. According to the latest reports, at least three tankers have been hit and damaged near the Strait of Hormuz.
OIL AND NATURAL GAS MARKET IMPACT: More than 20 million barrels of oil pass through it daily, representing more than 20% of total global demand.
IRAN OIL PRODUCTION (AROUND 4 MILLION BARRELS A DAY) AND OIL EXPORTS (AROUND 1.7 MILLION BARRELS A DAY) AT RISK: Iran is one of the top three oil producers within OPEC, along with Saudi Arabia and Iraq.
KUWAIT CUTS OIL PROCESSING AT ITS REFINERIES. Kuwait has cut processing rates at its three oil refineries, and the reduction could be extended further in the next few days if needed. The reduction is due to storage availability. Kuwait used to produce around 3.2 million barrels a day and export up to 2 million barrels a day.
AFTER IRAQ AND KUWAIT, U.A.E. COULD SOON ANNOUNCE A PAUSE IN OIL PROCESSING AND PRODUCTION. The United Arab Emirates may be next to reduce output if they cannot export crude through the Strait of Hormuz due to the Iran crisis, as storage tanks fill up, according to analysts, traders and sources. U.A.E. used to produce around 3.4 million barrels a day and export up to 3 million barrels a day.
Source: Reuters, CNBC, Bloomberg
MAJOR MIDDLE EAST PRODUCERS CUTTING OIL PRODUCTION:
- IRANIAN MISSILES HIT ONE OF THE LARGEST OIL STORAGE FACILITIES NEAR THE HORMUZ STRAIT IN THE U.A.E. The total tank storage capacity at JSW’s facility is approximately 2.9 million barrels.
- KUWAIT CUTS OIL PROCESSING AT ITS REFINERIES. Kuwait previously produced around 3.2 million barrels per day (bpd) and exported up to 2 million bpd.
- THE U.A.E. COULD SOON ANNOUNCE A PAUSE IN OIL PROCESSING AND PRODUCTION as storage tanks continue to fill up. The U.A.E. previously produced around 3.4 million bpd and exported up to 3 million bpd.
- IRAQ HAS STARTED CUTTING ITS OIL PRODUCTION. Iraq may be forced to reduce production by more than 3 million bpd within days if oil tankers cannot move freely and reach loading ports. Iraq has also shut down production of 460,000 bpd at the West Qurna-2 field.
- SAUDI ARABIA’S LARGEST OIL REFINERY WAS HIT BY HOUTHI FORCES. The facility is the largest refinery in the Middle East and one of the largest in the world, processing around 550,000 barrels of oil per day.
Source: Reuters, CNBC, Bloomberg
TECHNICAL ANALYSIS
- DAILY MOVING AVERAGES CONFIRM POSITIVE MOMENTUM: The 50-day moving average (blue) is trending higher, indicating strengthening short-term momentum. The 100-day moving average (green) is also rising and remains below the current crude oil price, reinforcing the broader positive structure. With price trading above both moving averages, the overall sentiment remains positive. However, the price could also go in other direction.
GRAPH (Daily): August 2025 – March 2026
Please note that past performance does not guarantee future results
Gasoline, March 9, 2026
Current Price: 2.930
|
Gasoline |
Weekly |
|
Trend direction |
|
|
4.320 |
|
|
4.000 |
|
|
3.500 |
|
|
2.600 |
|
|
2.550 |
|
|
2.500 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
GASOLINE |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
139,000 |
107,000 |
57,000 |
-33,000 |
-38,000 |
-43,000 |
|
Profit or loss in €2 |
120,293 |
92,600 |
49,329 |
-28,559 |
-32,886 |
-37,213 |
|
Profit or loss in £2 |
104,217 |
80,224 |
42,736 |
-24,742 |
-28,491 |
-32,240 |
|
Profit or loss in C$2 |
188,453 |
145,068 |
77,279 |
-44,741 |
-51,520 |
-58,299 |
- 1.00 lot is equivalent of 100.000 units
- Calculations for exchange rate used as of 10:00 (GMT) 9/3/2026
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 suggested one.
- Trailing stop technique could protect the profit.