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!
The price of oil opened with a gap this week following the collapse of talks between the US and Iran. Last week, the US market closed at $91 per barrel, and now, with the gap, WTI is trading around $97.
This sharp movement in crude oil prices is due to heavy speculation by investors and also to market fears that future crude oil reserves will decline, which would generate more demand.
According to the H4 chart, crude oil could continue its rise in the coming hours and reach the psychological level of $100,00. If the outlook remains bullish, crude oil could continue to rise over the next few days until it reaches the top of the uptrend channel around $107.
Conversely, if tensions between the United States and Iran ease, we could expect crude oil to fall toward $93, where the 21 SMA is located, and to $89; this decline could close the gap left this week.
If crude oil encounters strong resistance around the psychological level of $100 and consolidates below this zone, it suggests an opportunity to open short positions in anticipation of a drop toward the lower band of the uptrend channel around $89.
*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.
