September 29, 2026
NEWS: Crude oil price is falling -2.1% amid high volatility and continued uncertainty over ongoing U.S.–Iran talks.
Possible Scenarios:
If Crude oil fails to breach through S1 of 92.524, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 92.524, our Analysis Department expects Crude oil to extend its losses to its S2 of 91.143
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
89.762 |
91.143 |
92.524 |
94.365 |
96.206 |
97.587 |
98.968 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €88.09 |
(+/-) £75.53 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.13521
***GBP/USD = 1.32404
Calculations for exchange rate used as of Tuesday, September 29, 2026, 09:27 GMT+1