Crude oil price is increasing 1.7%
October 12, 2026
NEWS: Crude oil price is increasing 1.7% after Iran called the latest US peace proposal "insufficient"
Possible Scenarios:
If Crude oil fails to breach through R1 of 91.482, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 91.482, our Analysis Department expects Crude oil to extend its gains to its R2 of 92.585.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
86.331 |
87.435 |
88.538 |
90.010 |
91.482 |
92.585 |
93.689 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.35 |
(+/-) £75.53 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.11922
***GBP/USD = 1.32390
Calculations for exchange rate used as of Monday, October 12, 2026, 9:48: AM