CRUDE OIL Weekly Special Report based on 1 Lot Calculation:

TECHNICAL ANALYSIS

• • • • SUPPORT AREA: $80–$60. Despite the most recent pullback, crude oil prices have remained above the recently established support area between $80 and $60, which has held so far this week as well. Earlier in March, crude oil prices rose to their highest levels since June 2022 ($119.40). Since the war began, crude oil surged by about 77% at one point, reaching prices not seen in nearly four years and pushing the market firmly above $80.
• BREAKING (MARCH 9): CRUDE OIL PRICE HIT ITS HIGHEST RATE SINCE JUNE 2022 ($119.40). Crude oil price was last trading around $88, and if a full recovery to $119.40 follows, then crude oil prices may see an upside of around 36%. However, prices may decline as well.

GRAPH (Weekly): February 2021 – March 2026

Please note that past performance does not guarantee future results

GEOPOLITICS: MIDDLE EAST WAR

• STRAIT OF HORMUZ IS EFFECTIVELY CLOSED:

Around 20 million barrels of oil per day are unable to reach global markets.

Number of ships struck in the region since fighting began ‌rose to at least 17.

Around 700 ships are stranded near the Strait of Hormuz, including about 400 oil tankers carrying roughly 200 million barrels of crude.

• CURRENT IMPACT: This represents ~20% of global oil demand, creating a major supply shock.
• SUPPLY LOSS ACCUMULATING: Over the last 23 days, since the war began, nearly 450 million barrels of oil exports have been disrupted.
• PRODUCTION SHUTDOWNS: 8-10 MILLION BARRELS OF OIL PER DAY. Approximately 8 to 10 million barrels per day of oil production has been stopped by several Gulf producers due to the conflict, including Saudi Arabia, Iraq, Kuwait, and the U.A.E.

Source: Reuters, CNBC, Bloomberg, OILPRICE.COM

GEOPOLITICS: MIDDLE EAST WAR

• MIDDLE EAST WAR: FOURTH WEEK. Tensions between the U.S. and Iran have escalated further, with ongoing airstrikes targeting Iranian military positions and continued missile and drone attacks by Iran against U.S. bases and allied infrastructure across the Gulf.

Source: Reuters, CNBC, Bloomberg, OILPRICE.COM

PRICE ACTION: ANALYSTS’ OPINION

• BIG BANKS AND THEIR ESTIMATES IF THE CLOSURE OF THE HORMUTZ STRAIT PERSISTS:

CITIGROUP: $110-$120. In a bull scenario, prices could surge to $150-$200 if Iran targets more energy infrastructure or the Strait of Hormuz stays closed.

JP MORGAN: $120

MORGAN STANLEY: $110

BARCLAYS: $100-$150

GOLDMAN SACHS: $100

UBS: $100-150

Source: Reuters, CNBC, Bloomberg, OILPRICE.COM

Crude Oil, March 23, 2026
Current Price:  88

Example of calculation based on weekly trend direction for 1.00 Lot¹

1.  1.00 lot is equivalent of 1000 units
2.  Calculations for exchange rate used a 13:00 (GMT) 23/3/2026

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than the suggested one.
• Trailing stop techniques could protect the profit.