September 23, 2026
NEWS: Crude oil price is rising 2.5%, above $92 ahead of weekly US oil inventory data later today at 15:30 GMT+1.
Possible Scenarios:
If Crude oil fails to breach through R2 of 92.896, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R2 of 92.896, our Analysis Department expects Crude oil to extend its gains to its R3 of 94.115.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
85.985 |
87.204 |
88.424 |
90.050 |
91.676 |
92.896 |
94.115 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.76 |
(+/-) £75.43
|
*1 trading lot is equivalent of 1000 units
**EUR/USD= 1.13942
***GBP/USD= 1.32566
Calculations for exchange rate used as of Wednesday, September 23, 2026, 15:20 GMT+1
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