Crude oil price is rising 1.8%
October 27, 2026
NEWS: Crude oil price is rising 1.8% amid continued tensions in the Middle East and concerns over potential disruptions to global oil supplies.
Possible Scenarios:
If Crude oil fails to breach through R1 of 104.001, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 104.001, our Analysis Department expects Crude oil to extend its gains to its R2 of 105.210.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
98.362 |
99.570 |
100.779 |
102.390 |
104.001 |
105.210 |
106.418 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.63 |
(+/-) £75.06 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.11565
***GBP/USD = 1.33228
Calculations for exchange rate used as of Tuesday, October 27, 2026, 08:15: AM