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 $77.56 following a rally on Thursday, August 6, from a low of $73.90 to a high of $77.50. The instrument is likely to rise in the coming days to reach the psychological level of $80; it could even reach the upper band of the trend channel, around $90.
Looking at the daily chart, we can see that crude oil is consolidating above the uptrend channel. After rebounding near the lower band of this channel, it began a strong rally and is likely to continue rising in the coming days. Crude could reach its first target around $79.14, and then potentially reach the 5/8 level, which also coincides with the 21-day simple moving average (SMA), around $81.25.
If a technical correction occurs in the coming hours and crude oil falls toward the 4/8 Murray level, this could be considered a positive buy signal, with targets at $79.14 and $81.70.
A decisive break below the uptrend channel and consolidation below $74 could enable a further fall until it reaches the 3/8 Murray level, around $68.75.
If oil remains around $71.20 and then falls below $74, this gap could be closed.
Oil left another gap around $85; a consolidation above the 5/8 Murray level could be seen as a positive sign, which could close this gap and reach the 6/8 Murray level.
*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।
