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!
Crude oil is trading around $93.85, reaching the upper band of the downtrend channel that has been forming since early April. The price has been testing the strength of this channel and has been rejected on several occasions.
If crude oil falls below $93.30, and the price consolidates below this zone, it could be considered a negative signal to sell, with targets at $89.80 and the 7/8 Murray level around $87.50. The instrument is expected even to reach the 6/8 Murray level around $75 per barrel.
We expect a sharp decline in crude oil, as it has technically left an unfilled gap around $83.26; this zone could be the target for bears if the price falls below $93.
Conversely, if crude oil consolidates above the downtrend channel and above $95.70, the outlook could be positive, and we could expect it to reach the psychological level of $100.
Technically, the $100 zone could also be a strong resistance level, as it has acted as a strong barrier throughout March and April. Given that the market is overbought and has left an unfilled gap, this 8/8 Murray zone could be seen as a signal to open short positions.
*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।
