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 (CL) held above the descending green price channel line for only two days. After dropping 84 cents by Friday, the quote fell below this channel line.
Now, the price must break through the support at 68.69 to move freely toward 66.77. Further decline may continue toward the 65.27/80 range, with the upper boundary defined by the lower descending price channel line.
On the H4 chart, the price is gathering momentum for a break below the 68.69 level, which is reinforced by the MACD line. Moving below this level opens the path to the first target level. The Marlin oscillator is declining in negative territory, helping the price gain strength for a decisive attempt to break the 68.69 support.
*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.
