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May 20, 2026
NEWS: Crude oil price is falling 3.5%, breaking below the mark of $100 as latest reports from the Middle East showed progress in talks between the USA and Iran.
Possible Scenarios:
If Crude oil fails to breach through S2 of 98.534, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 98.534, our Analysis Department expects Crude oil to extend its losses to its S3 of 97.400.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
97.400 |
98.534 |
99.668 |
101.180 |
102.692 |
103.826 |
104.960 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.13 |
(+/-) £74.54 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16104
***GBP/USD = 1.34157
Calculations for exchange rate used as of Wednesday, May 20, 2026, 15:28 GMT+1