Crude oil price is increasing 2.2%
October 21, 2026
NEWS: Crude oil price is increasing 2.2% to rise above 100 dollars, following few signs of progress in Middle East peace talks
Possible Scenarios:
If Crude oil fails to breach through R1 of 100.971, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 100.971, our Analysis Department expects Crude oil to extend its gains to its R2 of 102.127.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
95.577 |
96.733 |
97.889 |
99.430 |
100.971 |
102.127 |
103.283 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.14 |
(+/-) £74.65 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.12185
***GBP/USD = 1.33963
Calculations for exchange rate used as of Wednesday, October 21, 2026, 11:18: AM