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March 24, 2026
NEWS: Crude oil price is rising 2.6% amid high volatility as fresh attacks continue in the Middle East.
Possible Scenarios:
If Crude oil fails to breach through R1 of 95.960, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 95.960, our Analysis Department expects Crude oil to extend its gains to its R2 of 98.833.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
82.554 |
85.427 |
88.300 |
92.130 |
95.960 |
98.833 |
101.706 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.4 |
(+/-) £74.75 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.15743
***GBP/USD = 1.33782
Calculations for exchange rate used as of Tuesday, March 24, 2026, 13:36 GMT