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 $81.25, undergoing a technical correction after falling below $85,000 at the market open following a gap. It is now likely to continue falling over the next few days until it reaches the lower band of the uptrend channel, around $79.43.
If crude oil consolidates above $81.25 in the coming hours, this could be interpreted as a signal to continue buying, with targets at the 6/8 Murray level, around $87.50.
Conversely, if crude oil falls below the 5/8 Murray level, this could be interpreted as a signal that the downtrend will continue. Oil could even break out of the uptrend channel and reach the 4/8 Murray level, around $75.00.
Since crude oil is currently above a series of support levels—including the psychological $80 mark, the 21-period simple moving average (SMA), and the 200-period exponential moving average (EMA)—any pullback toward the lower band of the uptrend channel will be interpreted as a signal to continue buying in the coming hours or days.
The ultimate target for crude oil is the 6/8 Murray level, around $87.50.
On the downside, we note that the Eagle indicator is showing an extreme overbought signal, suggesting the possibility of a technical correction in the coming days; therefore, below the 5/8 Murray level, we will look for opportunities to sell crude oil with a target at $75.
*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।
