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!
Iran's refusal to accept a deal on Trump's terms has once again increased pressure on the energy market, driving prices higher. However, while the situation in the Middle East is still unclear, and it is unlikely we will see any serious diplomatic compromises in the near future, it is timely to discuss how high prices may affect the global economy.
Yesterday, Larry Fink, CEO of BlackRock, gave a significant interview, expressing a troubling forecast regarding the potential impact of a spike in oil prices on the global economy. According to him, reaching the mark of $150 per barrel could provoke a full-scale global recession, threatening economic growth and stability worldwide.
Fink emphasized that the ultimate outcome of the conflict in the Middle East remains uncertain, but he outlined two key scenarios for future developments. The first scenario involves resolving the conflict and integrating Iran into the global economy, which, he said, could lead to oil prices falling below pre-crisis levels. This prospect opens up opportunities for recovery and stabilization of energy markets.
Conversely, the second scenario paints a much darker picture. In the absence of a resolution and amid escalating tensions—a situation that is increasingly likely—Fink does not rule out the possibility that oil prices could remain above $100, reaching $150 in the coming years. Such prices, he stated, would have profound consequences for the global economy, exacerbating inflationary pressures and slowing economic growth.
Of particular concern is the fact that Fink views rising energy prices as a regressive tax. This means that such increases will disproportionately impact the most vulnerable segments of the population—the poor—while the effect on wealthier segments will be less pronounced. This dynamic could lead to increased social inequality and further destabilization of society.
As for the current technical picture of oil, buyers need to reclaim the nearest resistance at $92.54. This will allow them to target the $100.40 mark, above which it will be quite problematic to break through. The farthest target will be around $106.83. In the event of a decline in oil prices, bears will attempt to gain control over $86.67. If they succeed, breaking through this range will deliver a serious blow to bullish positions and could drive oil down to a low of $81.38, with a prospect of reaching $74.85.
*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।
