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!
Red lines- bullish channel
Blue line- resistance trend line
Green lines- Fibonacci extension targets
Oil price is trading around $79. Today has been a volatile day as price fell towards $77.60 only to form a double bottom and return to the $79 price level. In the near term Oil price is oversold and a bounce towards $81.40 is justified. We do not forget that price broke out of a bullish channel and is now in a corrective phase. Oil price justifies a bounce higher towards the blue downward sloping resistance trend line. Our target of $76.50 remains our priority.
*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.
