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September 21, 2026
NEWS: Crude oil price is falling 4.2% on Monday, testing its lowest level in almost two weeks as oil flows through the Strait of Hormuz and from Saudi Arabia appear to be recovering.
Possible Scenarios:
If Crude oil fails to breach through S2 of 91.713, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 91.713, our Analysis Department expects Crude oil to extend its losses to its S3 of 90.587.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
90.587 |
91.713 |
92.839 |
94.340 |
95.841 |
96.967 |
98.093 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.11 |
(+/-) £74.73 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.14804
***GBP/USD = 1.33821
Calculations for exchange rate used as of Monday, September 21, 2026, 11:37 GMT+1