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June 5, 2026
NEWS: Crude oil price is falling -1.5% as optimism grows over a potential US-Iran deal following the Israel-Lebanon ceasefire and positive comments from President Trump on negotiations.
Possible Scenarios:
If Crude oil fails to breach through S1 of 90.661, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 90.661, our Analysis Department expects Crude oil to extend its losses to its S2 of 89.410
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
88.158 |
89.410 |
90.661 |
92.330 |
93.999 |
95.250 |
96.502 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.95 |
(+/-) £74.38 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16351
***GBP/USD = 1.34440
Calculations for exchange rate used as of Friday, June 5, 2026, 08:50 GMT+1