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March 26, 2026
NEWS: Crude oil price is rising 3.5% as hopes of a deal with Iran before Friday gradually fade away and the Strait of Hormuz remains closed.
Possible Scenarios:
If Crude oil fails to breach through R1 of 96.176, our Analysis Department expects Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 96.176, our Analysis Department expects Crude oil to extend its gains to its R2 of 99.203.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
82.050 |
85.077 |
88.104 |
92.140 |
96.176 |
99.203 |
102.230 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.53 |
(+/-) £74.93 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.15568
***GBP/USD = 1.33456
Calculations for exchange rate used as of Thursday, March 26, 2026, 8:38: GMT