Crude oil price is falling 3.1%
November 9, 2026
NEWS: Crude oil price is falling 3.1%, testing levels below $88 as U.S. President Trump and the Qatari Prime Minister are scheduled to meet later today at the White House at 17:00 GMT.
Possible Scenarios:
If Crude oil fails to breach through S1 of 85.366, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 85.366, our Analysis Department expects Crude oil to extend its losses to its S2 of 83.510.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
81.654 |
83.510 |
85.366 |
87.841 |
90.316 |
92.172 |
94.028 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.35 |
(+/-) £74.5 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.11920
***GBP/USD = 1.34220
Calculations for exchange rate used as of Monday, November 9, 2026, 11:55 GMT