September 11, 2026
NEWS: Crude oil price is falling 3.3% after recently touching its highest level in almost four months, while Iran and Pakistan discuss efforts to de-escalate the conflict and a potential return to diplomacy.
Possible Scenarios:
If Crude oil fails to breach through S1 of 98.204, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 98.204, our Analysis Department expects Crude oil to extend its losses to its S2 of 96.901
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
95.599 |
96.901 |
98.204 |
99.940 |
101.676 |
102.979 |
104.281 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.18 |
(+/-) £74.02 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16040
***GBP/USD = 1.35096
Calculations for exchange rate used as of Friday, September 11, 2026, 09:35 GMT+1