Crude oil price is rising 1.0%
October 23, 2026
NEWS: Crude oil price is rising 1.0% as it crosses past the $100 level, as uncertainty continues in the Middle East.
Possible Scenarios:
If Crude oil fails to breach through R1 of 102.594, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 102.594, our Analysis Department expects Crude oil to extend its gains to its R2 of 103.767.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
97.120 |
98.293 |
99.466 |
101.030 |
102.594 |
103.767 |
104.940 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.34 |
(+/-) £74.81 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.11931
***GBP/USD = 1.33670
Calculations for exchange rate used as of Friday, October 23, 2026, 1:11: GMT +1