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 $91.98, moving within the downtrend channel that has been forming since September 14, following a sharp technical correction after it reached the upper band of the uptrend channel. CL crude has reached the 61.8% Fibonacci retracement level, and from this level—around $96—we have seen a sharp decline.
In the coming hours, crude oil could consolidate around $91.54. If the instrument gets stuck under downward pressure, we could expect a technical rebound toward the 38.2% Fibonacci level around $93, which could then be seen as a signal to continue selling, with targets at the psychological level of $90; ultimately, we expect it to reach the 6/8 Murray level around $87.50 in the coming days.
The outlook for crude oil remains bearish; therefore, if the price reaches the upper band of the downtrend channel around $94.40 in the coming hours, we could also view this area as an opportunity to open short positions.
If the price consolidates above the 23.6% Fibonacci level—which also coincides with the 21-day SMA—this could be seen as a signal to buy, with targets at $93.50 and $94.40.
The Eagle indicator is showing a negative signal, so we should expect a resistance zone to continue selling.
*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।
