September 18, 2026
NEWS: Crude oil price is rising 1.6% following reports that Saudi Arabia will not be able to deliver oil to Europe in October either.
Possible Scenarios:
If Crude oil fails to breach through Reference Price of 97.140, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its Reference Price of 97.140, our Analysis Department expects Crude oil to extend its gains to its R1 of 98.856.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
92.851 |
94.137 |
95.424 |
97.140 |
98.856 |
100.143 |
101.429 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.19 |
(+/-) £74.91 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.14693
***GBP/USD = 1.33497
Calculations for exchange rate used as of Friday, September 18, 2026, 14:01 GMT+1
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