Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Crude oil is trading around $89.19, below the 200 EMA and the 21 SMA, reaching Friday's closing price level with the aim of filling the gap left around $88.70.
Given that crude oil is under bearish pressure, we could continue selling from the $89.20 level. If the price falls below $87.50 around the 7/8 Murray level, we could then expect it to fill the gap left on May 29th around $86.78 and even reach the May low around $85.44.
Since crude oil is in an upward trend channel and is trading within it, we could expect a technical bounce in the coming days, but for the bullish momentum to prevail, the instrument would need to consolidate above the psychological level of $90.
A move above the 21-period SMA could see crude oil reach $93.07, the level where the 200-period EMA is located. This suggests an opportunity to continue buying, with a target at $94.41, where it left a gap in early June. Crude oil could even reach the upper band of the ascending trend channel around $96.55.
The Eagle indicator is showing a positive signal, so a technical bounce around $89 or above $87.50 could be considered a signal to continue buying crude oil in the coming days.
*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।
