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April 1, 2026
NEWS: Crude oil price is falling -6.3% as volatility rises ahead of Trump’s address on Iran tonight, raising expectations of a potential de-escalation.
Possible Scenarios:
If Crude oil fails to breach through S1 of 94.573, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 94.573, our Analysis Department expects Crude oil to extend its losses to its S2 of 92.508
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
90.444 |
92.508 |
94.573 |
97.325 |
100.077 |
102.142 |
104.206 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.3 |
(+/-) £75.28 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.15871
***GBP/USD = 1.32843
Calculations for exchange rate used as of Wednesday, April 1, 2026, 8:09: GMT