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 could remain under downward pressure if it consolidates within the uptrend channel. Above $82, any technical rebound could be seen as a signal to continue buying.
If crude oil continues to fall, it still has the 5/8 Murray level, a strong support around $81.25, and even the psychological level of $80, which coincides with the 200 EMA. Both levels could offer a good opportunity to buy on a technical rebound.
Given that the outlook for crude oil remains bullish, any pullback—as long as the price trades above the psychological level of $80—will allow us to continue buying until it reaches the psychological level of $90. We even expect the instrument to reach $93.75, around the 7/8 Murray level.
In June, crude oil left a gap around $95, so technically, the trend could remain bullish in the medium term; therefore, a breakout and consolidation above $93.75 could push prices toward the $96 zone.
Therefore, over the next few days, we will continue to buy crude oil. We must closely monitor the support levels at $81.25 and $80 to buy, with targets at $87.63—around the 21 SMA—and also wait to cover the gap left on Friday, with a final target at $93.75.
*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।
