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 $81.39, above the 200-period exponential moving average (EMA) and around 5/8 of the Murray level, as well as the 21-day simple moving average (SMA), and is aiming to close the gap left at $85.00.
If crude oil consolidates above $81.25 in the coming hours, it could be expected to continue rising. From this level, it could move higher to reach $85 and even the 6/8 Murray level, around $87.50.
A drop below $81.25 could enable a fall to $79.11—where the 200-day EMA is located—or, if bearish momentum prevails, the instrument could close the gap left last week around $76.30.
The Eagle indicator shows a positive signal for crude oil, so we will continue buying in the coming days. Should a technical correction occur toward the 4/8 Murray level at $75, it could trigger a strong technical rebound.
We must closely monitor the $81.26 level; above this zone, the signal points to a further rally, but below it, we could sell in anticipation of a consolidation around $79–$76.
Crude oil has left another gap around $90; it is expected to continue rising in the coming days and could close this pattern, potentially reaching the 7/8 Murray level, around $93.75.
*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.
