September 24, 2026
NEWS: Crude oil price is rising 3.7% as Iran warns the conflict could expand into the Indian Ocean if the U.S. or Israel launches further attacks.
Possible Scenarios:
If Crude oil fails to breach through R1 of 96.019, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 96.019, our Analysis Department expects Crude oil to extend its gains to its R2 of 97.241.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
90.317 |
91.539 |
92.761 |
94.390 |
96.019 |
97.241 |
98.463 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.82 |
(+/-) £75.52 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.13875
***GBP/USD = 1.32409
Calculations for exchange rate used as of Thursday, September 24, 2026, 09:38 GMT+1