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!
At the time of preparing this material, West Texas Intermediate (WTI) crude oil was priced near $84.26 per barrel, showing a daily increase of 2.6%, as concerns about global oil supplies continue to support prices at elevated levels despite hopes for a diplomatic resolution to the situation in the Middle East.
The geopolitical factor remains the dominant driver of the market amid ongoing U.S. airstrikes on Iranian territory for the tenth consecutive day. On Monday, U.S. President Donald Trump reiterated that Tehran would pay for the deaths of three American servicemen, while Iran's Islamic Revolutionary Guard Corps (IRGC) reported strikes on several U.S. military facilities in Bahrain and Kuwait.
Tensions have escalated after the Yemen-based Houthi rebels, supported by Iran, announced a maritime embargo against Saudi Arabia in the Red Sea. This initiative has heightened risks for regional energy flows, adding to existing threats to shipping through the Strait of Hormuz—a strategically critical node for global oil exports.
At the same time, market participants continue to weigh the probabilities of a diplomatic resolution to the standoff between Washington and Tehran. While a reduction in geopolitical tension could limit further increases in oil prices in the short term, the dominant factor remains concerns about disruptions to global supplies.
From a technical standpoint, oil prices have surpassed the 50-day SMA, aiming for the 100-day SMA. Oscillators are mixed, indicating that bulls still lack sufficient strength for substantial growth. To take control of the market, bulls need to break through the 100-day SMA. Support is provided by the 50-day EMA around $80.60, and the next level of support will be the round figure of $78.00. However, as long as the Relative Strength Index (RSI) is directed upward in positive territory, bulls have the advantage.
*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।
