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May 21, 2026
NEWS: Crude oil price is rising 2.0% as doubts continue to escalate over a potential US-Iran deal following Iran’s supreme leader hardening his stance on enriched uranium.
Possible Scenarios:
If Crude oil fails to breach through R1 of 104.285, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 104.285, our Analysis Department expects Crude oil to extend its gains to its R2 of 105.713.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
97.618 |
99.047 |
100.475 |
102.380 |
104.285 |
105.713 |
107.142 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.34 |
(+/-) £74.63 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.15818
***GBP/USD = 1.33988
Calculations for exchange rate used as of Thursday, May 21, 2026, 14:41 GMT+1