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March 16, 2026
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
CRUDE OIL Weekly Special Report based on 1 Lot Calculation:
GEOPOLITICS: MIDDLE EAST WAR
Around 20 million barrels of oil per day are unable to reach global markets.
The latest attacks on ships mark an escalation in the conflict between Iran and the U.S. forces, raising the number of ships struck in the region since fighting began to at least 16.
Around 700 ships are stranded near the Strait of Hormuz, including about 400 oil tankers carrying roughly 200 million barrels of crude.
Source: Reuters, CNBC, Bloomberg, OILPRICE.COM
MIDDLE EAST WAR: NEWS
IMPACT: The island, located about 24 km off the coast of mainland Iran in the northern Persian Gulf, handles roughly 90% of the country’s crude exports of nearly 2 million barrels a day of Iranian oil exports, which are mostly supplied to China.
Source: Reuters, CNBC, Bloomberg, OILPRICE.COM
PRICE ACTION: ANALYSTS’ OPINION
JP MORGAN: $120
MORGAN STANLEY: $110
BARCLAYS: $100-$150
GOLDMAN SACHS: $100
UBS: $100-150
Source: Reuters, CNBC, Bloomberg, OILPRICE.COM
TECHNICAL ANALYSIS

GRAPH (Weekly): November 2020 – March 2026
Please note that past performance does not guarantee future results
Crude Oil, March 16, 2026
Current Price: 94
|
Crude Oil |
Weekly |
|
Trend direction |
|
|
120 |
|
|
113 |
|
|
105 |
|
|
84 |
|
|
82 |
|
|
80 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Crude Oil |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
26,000 |
19,000 |
11,000 |
-10,000 |
-12,000 |
-14,000 |
|
Profit or loss in €² |
22,657 |
16,557 |
9,586 |
-8,714 |
-10,457 |
-12,200 |
|
Profit or loss in £² |
19,580 |
14,308 |
8,284 |
-7,531 |
-9,037 |
-10,543 |
|
Profit or loss in C$² |
35,585 |
26,005 |
15,055 |
-13,687 |
-16,424 |
-19,161 |
There is a possibility to use Stop-Loss and Take-Profit.