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 $81.84, after pulling back from a high of $83.25—a level that matched the July 30 high and, in turn, also appears to have filled the gap that formed in that area.
Crude oil could consolidate in the coming days and settle above the psychological level of $80. If WTI falls below the 5/8 Murray level, it could find strong support around the 200 EMA and 21 SMA moving averages, as these converge at that same level.
A technical rebound above $81.25 could be seen as an opportunity to continue buying the instrument in the coming days in anticipation that it will reach the 6/8 Murray level around $87.50. As an ultimate target, we expect it to close the gap left on June 23 around $89.60.
A drop in the crude oil price below $79.83 could change the scenario, and we would expect the downtrend to continue, potentially reaching the 4/8 Murray level around $75—which, in turn, could bring the price to the $76.12 area. It also serves as a target for bears so that the gap from August 7 could be closed.
On the H4 chart, the Eagle indicator shows a positive signal, so a technical bounce around $70.83 or above $81.25 will be considered an opportunity to continue buying 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.
