Crude oil price is rising 1.2%
October 30, 2026
NEWS: Crude oil price is rising 1.2% as fears of potential U.S. military attacks on Iran increase, following reports that President Trump is reviewing military options.
Possible Scenarios:
If Crude oil fails to breach through R1 of 105.198, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 105.198, our Analysis Department expects Crude oil to extend its gains to its R2 of 106.255.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
100.269 |
101.325 |
102.382 |
103.790 |
105.198 |
106.255 |
107.311 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.32 |
(+/-) £74.58 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.11960
***GBP/USD = 1.34079
Calculations for exchange rate used as of Friday, October 30, 2026, 08:15 GMT