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 is trading around $92.91, undergoing a technical correction after reaching the $97 level during the European session.
Crude oil is currently trading within an uptrend channel and could continue its rise in the coming days; should it break above $97.00, it is expected to reach the +1/8 Murray level around $112.00.
Should a strong technical correction occur in the coming hours toward the 21 SMA or the 7/8 Murray, this could be seen as an opportunity to open long positions with targets at the 8/8 Murray around the psychological level of $100.
Fundamental data suggests that crude oil could continue its stunning rally and might even climb to the psychological level of $120. Above that, it could jump to $150 per barrel. What is happening is critical; however, we should exercise great caution, as any pullback could allow us to continue buying in the coming days.
If crude oil finds solid support near the bottom of the uptrend channel around $83, we could view this area as an opportunity to buy.
Strong support is found around the 6/8 Murray level at $75, which also coincides with the key 200 EMA level. If the WTI price falls rapidly to these levels, it could be seen as a signal to open long positions.
*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.
