Crude oil price is falling 1.6%
October 20, 2026
NEWS: Crude oil price is falling 1.6% after moving above the key $100 resistance level to its highest level in more than one month, as reports of a new U.S.–Iran proposal raise hopes of an agreement.
Possible Scenarios:
If Crude oil fails to breach through S1 of 97.610, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 97.610, our Analysis Department expects Crude oil to extend its losses to its S2 of 96.628
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
95.646 |
96.628 |
97.610 |
98.920 |
100.230 |
101.212 |
102.194 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.05 |
(+/-) £74.71 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.12303
***GBP/USD = 1.33844
Calculations for exchange rate used as of Tuesday, October 20, 2026, 14:37 GMT+1