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June 5, 2026
NEWS: Crude oil price is falling 1.5% as optimism grows over a potential U.S.–Iran deal following recent comments from President Trump that an agreement could be reached over the weekend.
Possible Scenarios:
If Crude oil fails to breach through S1 of 90.141, our Analysis Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 90.141, our Analysis Department expects Crude oil to extend its losses to its S2 of 88.890
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
87.638 |
88.890 |
90.141 |
91.810 |
93.479 |
94.730 |
95.982 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.25 |
(+/-) £74.56 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.15947
***GBP/USD = 1.34121
Calculations for exchange rate used as of Friday, June 5, 2026, 14:20 GMT+1