Crude oil price is falling 3.1%
October 6, 2026
NEWS: Crude oil price is falling 3.1%, breaking below the $88 mark for the first time in more than one month, as oil supplies from the Middle East continue to improve toward pre-war levels.
Possible Scenarios:
If Crude oil fails to breach through S1 of 86.165, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 86.165, our Analysis Department expects Crude oil to extend its losses to its S2 of 84.901.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
83.637 |
84.901 |
86.165 |
87.850 |
89.535 |
90.799 |
92.063 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €88.94 |
(+/-) £75.53 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.12437
***GBP/USD = 1.32394
Calculations for exchange rate used as of Tuesday, October 6, 2026, 10:42 GMT+1