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 $88.17, rebounding after reaching a low of $84.71. With this drop, crude oil filled the gap left on May 28th around $87.20. Technically, the H4 chart shows that crude oil is displaying a positive signal, and we could expect it to continue rising in the coming hours above $87.50, reaching the psychological level of $90. It could even reach the upper band of the ascending trend channel around $92.
Crude oil is likely to continue rising, as we observe the formation of a double-bottom pattern around $85.50. This pattern could indicate a positive scenario for crude oil in the coming days, so we could continue buying in the next few hours, with targets at the 200 EMA around $92.65. We could expect crude oil to fill the gap left on May 21st around $95.96.
In case crude oil encounter strong resistance around the 21-period SMA, we could expect a technical correction and consolidation, paving the way for a bullish scenario.
A decisive break above the descending trend channel and consolidation above the 200-period EMA around 92.65 could shift the outlook for crude oil, potentially reaching $95.96 and eventually the 8/8 Murray pattern around the psychological level of $100.
Our trading plan for the next few hours is to buy crude oil from the $87.50 level with targets at $90 and $92.65. The Eagle indicator is showing a positive signal, which supports our bullish strategy.
*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।
