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 (WTI) is trading around $60.35 within an upward trend channel formed since early January. Crude oil could continue to rise in the coming hours and reach the top of the trend channel around $64.06.
Given that WTI has consolidated above the 200 EMA around $58.30 in recent days, this could mean that it is preparing for a new bullish cycle and is likely to reach $60.93 and the 4/8 Murray at $62.50.
If crude oil falls below the 200 EMA located at $58.30 and consolidates below this zone, it could mean a bearish scenario, and the instrument is likely to reach the -1/8 Murray around $54.80 in the short term.
The Eagle indicator is showing a negative signal. However, we observe an inverse correlation, which is likely to enable a consolidation above $59 for the next few days.
Only a break of the uptrend channel will give us the signal to sell. Conversely, if above $59.50, we could have an opportunity to open long positions.
*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.
