Crude oil price is falling -2.8%
November 2, 2026
NEWS: Crude oil price is falling -2.8% as reports of progress being made in on-going negotiations in the Middle East.
Possible Scenarios:
If Crude oil fails to breach through S1 of 96.504, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 96.504, our Analysis Department expects Crude oil to extend its losses to its S2 of 95.585
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
94.665 |
95.585 |
96.504 |
97.730 |
98.956 |
99.876 |
100.795 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.12 |
(+/-) £74.51 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.12213
***GBP/USD = 1.34202
Calculations for exchange rate used as of Monday, November 2, 2026, 14:54: GMT +1