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 $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.
*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.
