Crude oil price is rising 1.7%
October 22, 2026
NEWS: Crude oil price is rising 1.7% as they rebound back towards the $100 level amid an uncertain geopolitical environment.
Possible Scenarios:
If Crude oil fails to breach through R1 of 100.817, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 100.817, our Analysis Department expects Crude oil to extend its gains to its R2 of 102.108.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
94.791 |
96.082 |
97.373 |
99.095 |
100.817 |
102.108 |
103.399 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.02 |
(+/-) £74.6 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.12328
***GBP/USD = 1.34049
Calculations for exchange rate used as of Thursday, October 22, 2026, 9:07: GMT +1