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 $70.47, above the 1/8 Murray level, above the psychological $70 mark, and above the 21 SMA, which means that there could be a quarter-level recovery in the coming days. So, the price could reach the 1/8 Murray level around $75 and could even quickly reach the 200 level around $82.49.
On the H4 chart, we can see that crude oil left a gap on June 11 around $83.50. Technically, if the price of crude oil remains above $70 in the coming days, we could expect it to reach this zone and might even reach the 2/8 Murray level around $87.50.
Conversely, if crude oil falls below $68.50, we could expect the downtrend to continue, and the instrument could tumble to the -2/8 Murray level around $65.
Looking at the daily chart, we can see that crude oil left a gap around $96, so technically, it could return to these price levels in the coming days or even weeks. Therefore, we must be very careful if we are selling.
Our trading plan for the coming hours is to buy crude oil above $70; alternatively, if a technical rebound occurs around $68.50, this could be seen as a buying opportunity, with near-term targets at $75 and the 200 EMA around $82.50.
*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.
