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]
With the appearance of a Bearish Divergence, #CL has the potential to weaken toward its nearest support level today.
Key Levels
1. Resistance. 2 : 62.31
2. Resistance. 1 : 61.57
3. Pivot : 60.94
4. Support. 1 : 60.20
5. Support. 2 : 59.57
Tactical Scenario
Pressure Zone: If the price breaks down below 60.20, there is potential of pressure toward 59.57.
Momentum Extension Bias: If 59.57 is broken to the downside, there is potential to test 58.83.
Invalidation Level / Bias Revision
The downside bias is restrained if #CL breaks out and closes above 62.31.
Technical Summary
EMA(50) : 60.73
EMA(200): 60.39
RSI(14) : 36.32 + Bearish Divergent
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - ADP Weekly Employment Change - Tentative
US - HPI m/m - 21:00 WIB
US - S&P/CS Composite-20 HPI y/y - 21:00 WIB
US - CB Consumer Confidence - 22:00 WIB
US - Richmond Manufacturing Index - 22:00 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.
