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!
After consolidating above $93 since the start of the week around the 50% Fibonacci level, USD/OIL is gaining strong momentum, reaching the $99.48 per barrel area during the early hours of the European session.
The technical chart shows a correction below $100 toward $96.50, around the 61.8% Fibonacci level. We also see a technical rebound, but crude oil may already be struggling to continue rising, so it would be a good idea to sell.
If crude oil reaches the strong resistance at $100 around the 8/8 Murray line and encounters strong rejection in the coming hours, this could be seen as a signal to open short positions with targets at the 61.8% Fibonacci level around $96.50 and at the 21 SMA around $94.59.
On the H4 chart, we can see the Fibonacci retracement line, which crude oil surpassed at the 61.8% level during the Asian session as it approached $100. If crude oil consolidates below the 61.8% Fibonacci level, this could be seen as a clear signal to sell in the coming days.
The Eagle indicator is giving a negative signal, so we can sell around $99.50 or below this zone with targets at $96 and finally at the 21 SMA.
Crude oil left a gap on April 17, and this gap could be filled if crude oil falls below $95 and breaks decisively out of the uptrend channel; in that case, it could reach the 200-day EMA around $90 and eventually reach $83.
*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।
