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January 22, 2026
NEWS: Crude oil price is falling -1.9% as geopolitical de-escalation lessened worry about potential supply shortages.
Possible Scenarios:
if Crude oil fails to breach through S1 of 59.214, our Research Department expects the Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 59.214, our Research Department expects the Crude oil to extend its losses to its S2 of 58.749
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
58.283 |
58.749 |
59.214 |
59.835 |
60.456 |
60.921 |
61.387 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.5 |
(+/-) £74.51 |
|||
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16955
***GBP/USD = 1.34207
Calculations for exchange rate used as of Thursday, January 22, 2026, 11:20 GMT