September 29, 2026
NEWS: Crude oil price is falling -3.4% as a 7-point plan was reportedly sent to the US by Iran, highlighting progress being made.
Possible Scenarios:
If Crude oil fails to breach through S2 of 89.158, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 89.158, our Analysis Department expects Crude oil to extend its losses to its S3 of 87.777
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
87.777 |
89.158 |
90.539 |
92.380 |
94.221 |
95.602 |
96.983 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €88.1 |
(+/-) £75.54 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.13511
***GBP/USD = 1.32385
Calculations for exchange rate used as of Tuesday, September 29, 2026, 13:32: GMT +1
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