Crude oil price is falling -3.3%
April 13, 2026
NEWS: Crude oil price is falling -3.3% as volatility increases in the energy markets as the United States prepares its blockade of the Strait of Hormuz.
Possible Scenarios:
If Crude oil fails to breach through S1 of 91.866, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 91.866, our Analysis Department expects Crude oil to extend its losses to its S2 of 88.83
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
85.793 |
88.830 |
91.866 |
95.915 |
99.964 |
103.000 |
106.037 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.41 |
(+/-) £74.32 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17076
***GBP/USD = 1.34558
Calculations for exchange rate used as of Monday, April 13, 2026, 15:17: GMT +1