CRUDE OIL
September 8, 2026
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
Weekly Special Report: CRUDE OIL
TECHNICAL ANALYSIS:
- RESISTANCE AREA: $90–$95. Since late May, the crude oil price has tested the $90 level or above only three times.
- SUPPORT AREA: $80–$75. On the previous two occasions, after testing $90 or above, crude oil prices subsequently pulled back toward the $80–$75 region.
GRAPH (Daily): May 2026 – September 2026
Please note that past performance does not guarantee future results
Crude Oil, September 8, 2026
Current Price: 93.00
|
Crude Oil |
Weekly |
|
97.00 |
|
|
96.00 |
|
|
95.00 |
|
|
90.00 |
|
|
85.00 |
|
|
80.00 |
DOWNTREND
- DIPLOMATIC EFFORTS: Pakistan, Qatar, and Oman are making efforts to bring the United States and Iran to the negotiation table.
- STRAIT OF HORMUZ: Iran and Oman are expected to announce a safe corridor through the Strait of Hormuz.
- U.S.–VENEZUELA DEAL: A long-term deal between the United States and Venezuela could lead to an increase in oil supply.
- U.S. MIDTERM ELECTIONS (NOVEMBER 3, 2026): The U.S. administration is under increasing pressure as oil prices reach levels not seen in three months.
Sources: Reuters, CNBC, Bloomberg, OILPRICE.COM, Fox News
Example of calculation based on weekly market trend for 1.00 Lot1
|
CRUDE OIL |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
-4,000 |
-3,000 |
-2,000 |
3,000 |
8,000 |
13,000 |
|
Profit or loss in €2 |
-3,445 |
-2,584 |
-1,722 |
2,584 |
6,890 |
11,196 |
|
Profit or loss in £2 |
-2,953 |
-2,215 |
-1,477 |
2,215 |
5,907 |
9,598 |
|
Profit or loss in C$2 |
-5,522 |
-4,142 |
-2,761 |
4,142 |
11,044 |
17,947 |
- The above calculations are made based on 1.00 lot which is equivalent of 1000 units
- Calculations for exchange rate used as of 13:30 (GMT+1) 08/09/2026
You can use risk management tools such as Stop-Loss and Take-Profit
UPTREND
- STRAIT OF HORMUZ UNCERTAINTIES: Continued uncertainty surrounding the Strait of Hormuz is keeping upward pressure on oil prices.
- U.S.–IRAN CONFLICT: The United States and Iran have recently exchanged strikes and attacks. They also engaged in tanker-for-tanker attacks, keeping upward pressure on oil prices.
- YEMENI HOUTHIS–SAUDI ARABIA CONFLICT: The conflict between the Yemeni Houthis and Saudi Arabia continues to escalate, putting upward pressure on oil prices.
Sources: Reuters, CNBC, Bloomberg, OILPRICE.COM, Fox News
Example of calculation based on weekly market trend for 1.00 Lot1
|
CRUDE OIL |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
4,000 |
3,000 |
2,000 |
-3,000 |
-8,000 |
-13,000 |
|
Profit or loss in €2 |
3,445 |
2,584 |
1,722 |
-2,584 |
-6,890 |
-11,196 |
|
Profit or loss in £2 |
2,953 |
2,215 |
1,477 |
-2,215 |
-5,907 |
-9,598 |
|
Profit or loss in C$2 |
5,522 |
4,142 |
2,761 |
-4,142 |
-11,044 |
-17,947 |
- The above calculations are made based on 1.00 lot which is equivalent of 1000 units
- Calculations for exchange rate used as of 13:30 (GMT+1) 08/09/2026
You can use risk management tools such as Stop-Loss and Take-Profit
