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April 2, 2026
NEWS: Crude oil price is rising 2.9% as markets brace for a longer lasting conflict in Iran following President Trump's address last night.
Possible Scenarios:
If Crude oil fails to breach through R1 of 110.05, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 110.05, our Analysis Department expects Crude oil to extend its gains to its R2 of 112.218.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
99.934 |
102.102 |
104.270 |
107.160 |
110.050 |
112.218 |
114.386 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.84 |
(+/-) £75.76 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.15149
***GBP/USD = 1.31996
Calculations for exchange rate used as of Thursday, April 2, 2026, 12:58: GMT +1