Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
[Crude Oil]
With the EMA condition forming a Death Cross and the RSI(14) which positioned in the Neutral-Bearish level, it indicates that Crude Oil has the potential to decline down to its nearest support level today.
Key Levels
1. Resistance. 2 : 60.89
2. Resistance. 1 : 59.87
3. Pivot : 59.27
4. Support. 1 : 58.25
5. Support. 2 : 57.65
Tactical Scenario:
Pressure Zone: If the price of #CL breaks down below 58.25, it may continue to weaken to 57.65.
Momentum Extension Bias: If 57.65 is broken, Crude Oil could continue its decline down to 56.63.
Invalidation Level / Bias Revision:
The downside bias is restrained if the price of #CL unexpectedly strengthens and breaks above 60.89.
Technical Summary:
EMA(50) : 59.20
EMA(200): 59.38
RSI(14) : 31.18
Economic News Release Agenda:
From the United States, the following economic data will be released today:
US - NFIB Small Business Index - 18:00 WIB
US - ADP Weekly Employment Change - Tentative
US - JOLTS Job Openings - 22:00 WIB
US - CB Leading Index m/m - 22:00 WIB
US - 10-y Bond Auction - 01:00 WIB
US - API Weekly Statistical Bulletin - 04:30 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
