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!
According to the H4 chart for crude oil, it has reached a key support level around $77.50 and is likely to rebound above this zone in the coming hours, as we can see that it left a gap around $84 at Friday's close.
Given that crude oil has upside potential and is currently near a key support level, we could look for buying opportunities above $77.50 in the coming hours.
The first target for crude oil is around the psychological level of $80, and we expect it to continue rising until it reaches the 200 EMA around $80.52 and the 21 SMA around $81.76, which currently represent resistance levels for crude oil.
Once these levels are breached and the price consolidates above $81.76, we could expect the price to fill the gap around $85; we even expect it to fill the gap around $90 left on July 24.
If bearish pressure prevails and the instrument falls below the key support level of $77.50, the price is likely to continue falling until it reaches the 4/8 Murray level around the psychological level of $75; a technical rebound above this zone could offer opportunities to buy 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।
