September 28, 2026
NEWS: Crude oil price is falling -2.1% as the Saudi Arabia East - West pipeline is reportedly back to exporting oil.
Possible Scenarios:
If Crude oil fails to breach through S1 of 93.610, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 93.610, our Analysis Department expects Crude oil to extend its losses to its S2 of 92.268
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
90.925 |
92.268 |
93.610 |
95.400 |
97.190 |
98.533 |
99.875 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €87.97 |
(+/-) £75.45 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.13679
***GBP/USD = 1.32536
Calculations for exchange rate used as of Monday, September 28, 2026, 1:56: PM
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