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 $88.82, below the 21-day SMA and above the strong Murray 6/8 support level, after several attempts to consolidate above this zone.
The daily chart shows a strong uptrend in crude oil that began on June 30, reaching a high of around $102.90. However, crude oil was unable to consolidate above the 8/8 Murray line, and since early September, we have seen a strong technical correction. It is likely that CL will continue to fall in the coming days, but to confirm this, we must monitor the 6/8 Murray line.
On the daily chart, we can see that crude oil left a gap in the $84 area on August 23. Technically, if crude oil falls below $87.50, we could expect it to reach the 200 EMA around $83.17, which could close this gap.
If crude oil remains above $87.50—where the 6/8 Murray level is located—we could expect a technical rebound, which could reach the 21 SMA around $93.50.
A decisive break above the secondary downtrend channel formed from its high of $102.90 could lead to a break of this zone around the psychological level of $90, which could then be seen as a buy signal with targets at $95 and finally at the 8/8 Murray level around $100.
Our trading plan for the next few hours is to buy crude oil above $87.50. Conversely, a break below this level could be seen as a signal to sell, with a target at $83.17, around the 200-period EMA.
*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।
