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 is trading around $58.11 above the 200 EMA and above the 1/8 Murray level, which suggests it could continue its rise in the coming days until the price reaches the psychological level of $60.00.
If WTI consolidates above $57.80 in the coming hours, any pullback will be seen as an opportunity to open long positions, with a target at $58.30.
A decisive break above the downtrend channel while consolidating above the 200 EMA could be a clear signal for a bullish outlook. In the short term, WTI could reach $59.37 around 2/8 Murray and eventually reach 3/8 Murray at $61.50.
A pullback and consolidation below $57.50 could mean a continuation of the bearish movement, during which the price could reach the key support of the 0/8 Murray around $56.25. WTI could even reach the bottom of the downtrend channel around $55.60.
Given that crude oil is showing a strong positive signal, our outlook remains bullish. So, at current price levels, we could enter long positions or wait for a technical correction and continue buying over the next few days.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
