Crude oil price is falling -2.0%
November 4, 2026
NEWS: Crude oil price is falling -2.0% as renewed Middle East diplomatic efforts support pressured oil prices.
Possible Scenarios:
If Crude oil fails to breach through S1 of 93.386, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 93.386, our Analysis Department expects Crude oil to extend its losses to its S2 of 92.074
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
90.762 |
92.074 |
93.386 |
95.135 |
96.884 |
98.196 |
99.508 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €88.74 |
(+/-) £74.07 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.12690
***GBP/USD = 1.35011
Calculations for exchange rate used as of Wednesday, November 4, 2026, 1:07: PM