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May 15, 2026
NEWS: Crude Oil price is rising 3.1% as focus shifts back to the Middle East war following the U.S.–China summit.
Possible Scenarios:
If Crude oil fails to breach through R2 of 100.762, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R2 of 100.762, our Analysis Department expects Crude oil to extend its gains to its R3 of 101.763.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
95.087 |
96.088 |
97.090 |
98.425 |
99.760 |
100.762 |
101.763 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.97 |
(+/-) £74.91 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16321
***GBP/USD = 1.33494
Calculations for exchange rate used as of Friday, May 15, 2026, 9:35 AM GMT+1