The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The oil price is trading around $88.50. Since the opening of this week's trading session, it has been consolidating above $87. We saw a strong move that has pinned the price above the 200-day EMA.
However, oil has not been able to consolidate above this zone, and it will likely pull back and trade below $87.50.
If crude oil breaks below the 7/8 Murray level and consolidates below this area, it could be considered a signal to open short positions, and we could expect the price to fill the gap between Friday's close and Monday's opening around $81.
Conversely, if crude oil consolidates above $89.50 in the coming hours, this could be seen as a positive signal, and we could buy with targets at $96 and ultimately at the psychological level of $100 around the 8/8 Murray level.
The political backdrop of the war in the Middle East is the primary driver behind the price movement nowadays; therefore, we believe this situation is not yet over, and we expect the USD/OIL pair to continue rising in the coming days.
Given that crude oil is under downward pressure and still has to fill the gap, we could expect it to reach $81 or $75 before opening long positions with a target at $100.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
