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 $89.27, above the 7/8 Murray line and within a symmetrical triangle pattern that has been forming since March 9. Crude oil will likely trade within this pattern in the coming days and could reach the $95.00 area. Subsequently, it could break out of the range to reach the $93 level, which serves as a decisive point for a bearish or bullish breakout.
Given that crude oil has reached the key support level of the uptrend channel, we expect a technical rebound above $87.50 or above the uptrend channel, which could be seen as a buy signal with targets at the 21 SMA around $91.87.
A break above $91.87 and above the 21 SMA could push crude oil to reach the upper band of the symmetrical triangle pattern around $97.20.
If crude oil reaches the top of the downtrend channel, this could be seen as a good opportunity to sell below $98, with targets back toward $87.
The Eagle indicator has reached oversold levels and is giving a positive signal, so crude oil will likely continue to rise in the coming days. If it breaks above $97.50, we could expect it to rebound to the psychological level of $100 again and could even reach +1/8 Murray around $112.50.
*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.
