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!
The benchmark West Texas Intermediate (WTI) crude oil price extended its rise yesterday and set a September high today. After a pullback, it appears ready to resume its upward move amid rising US–Iran tensions.
In the latest developments in the Middle East crisis, US forces struck Islamic Revolutionary Guard Corps positions in response to attacks on commercial vessels in the Strait of Hormuz and actions against US personnel in the region. Iran, in turn, reported large-scale missile and drone strikes on US targets in Jordan and the UAE. This situation highlights risks to commercial shipping in the area and raises supply concerns, which are bullish for oil prices.
The US–Iran tensions underscore the fragility of energy agreements. TD Securities strategists note that the recent escalation is a stark reminder of how tenuous any accords or memoranda of understanding remain. They emphasize that the renewed confrontation exposes vulnerabilities in current arrangements around key energy chokepoints, and even with increased flows through US-backed corridors, the episode keeps the question of a risk premium for energy markets alive.
Additionally, Russia's decision on Sunday to extend its diesel export ban through September 30 has heightened worries about refined product supplies, which also contributes to upward pressure on oil prices. US President Donald Trump meanwhile announced that oil earmarked under a recently announced Venezuela deal will be directed to refill the Strategic Petroleum Reserve. That makes the timing and scale of any additional supply from the Venezuela deal uncertain, reinforcing a constructive outlook for oil prices.
Technically, after breaking above the 100-day simple moving average (SMA) and the round $87.00 level, US benchmark WTI crude retains a bullish bias. Returns to those support levels should find buyers on dips. Resistance sits at the round $91.00 level, with the July high acting as a more distant barrier. Oscillators are positive, confirming the bulls' edge in the market. Therefore, the path of least resistance is upward, and any correction should be viewed as a buying opportunity.
*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।
