Crude oil price is falling -4.2%
November 3, 2026
NEWS: Crude oil price is falling -4.2% amid reports of progress in Middle East peace talks
Possible Scenarios:
If Crude oil fails to breach through Reference Price of 94.100, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its Reference Price of 94.100, our Analysis Department expects Crude oil to extend its losses to its S1 of 92.503
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
90.107 |
91.305 |
92.503 |
94.100 |
95.697 |
96.895 |
98.093 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.3 |
(+/-) £74.47 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.11977
***GBP/USD = 1.34283
Calculations for exchange rate used as of Tuesday, November 3, 2026, 1:34: PM