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May 18, 2026
NEWS: Crude oil price is falling -3.5% after it was reported that Iran forwarded its latest peace proposal to the United States
Possible Scenarios:
If Crude oil fails to breach through S2 of 99.838, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 99.838, our Analysis Department expects Crude oil to extend its losses to its S3 of 98.796
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
98.796 |
99.838 |
100.880 |
102.270 |
103.660 |
104.702 |
105.744 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.87 |
(+/-) £74.78 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16452
***GBP/USD = 1.33730
Calculations for exchange rate used as of Monday, May 18, 2026, 12:47: PM