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March 31, 2026
NEWS: Crude oil price is rising 2.9% as supply risks continue to escalate after an oil tanker was hit by an Iranian missile and military tensions continue to intensify across the Middle East.
Possible Scenarios:
If Crude oil fails to breach through R1 of 107.561, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 107.561, our Analysis Department expects Crude oil to extend its gains to its R2 of 109.631.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
97.898 |
99.969 |
102.039 |
104.800 |
107.561 |
109.631 |
111.702 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.25 |
(+/-) £75.74 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.14613
***GBP/USD = 1.32033
Calculations for exchange rate used as of Tuesday, March 31, 2026, 11:59: GMT