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 $95.75, above the 200 EMA, and within the descending trend channel formed on May 15th. Yesterday, during the US session, crude oil made a jump towards $102.30. Failing to consolidate above the 21 SMA, it fell sharply to $94.
This technical rebound coincides with the lower band of the descending trend channel. So, the price is consolidating above the 200 EMA, meaning that we could expect it to reach the psychological level of $100 in the coming days.
If crude oil falls below $95 and consolidates below this zone, the outlook could be negative. The first idea could be to fill the gap left around $91.30. We could even expect it to drop to the 7/8 Murray level around $87.50.
The trend remains bearish for crude oil, so if there is a pullback towards $99.58 or the psychological $100 level in the coming hours, it will be seen as a signal to open short positions.
The Eagle indicator is showing a negative signal, so we must be very cautious if we are buying crude oil, as the instrument is likely to trade under downward pressure in the coming 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.
