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May 28, 2026
NEWS: Crude oil price is falling by 3.9% following reports that a U.S.–Iran deal has been reached, pending approval from U.S. President Donald Trump.
Possible Scenarios:
If Crude oil fails to breach through S2 of 87.131, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 87.131, our Analysis Department expects Crude oil to extend its losses to its S3 of 85.679.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
85.679 |
87.131 |
88.584 |
90.520 |
92.456 |
93.909 |
95.361 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.84 |
(+/-) £74.43 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16500
***GBP/USD = 1.34357
Calculations for exchange rate used as of Thursday, May 28, 2026, 15:25 GMT+1