$CL brothers, this crude oil CL move is too fierce! Triggered by sudden news such as the deadlock in US-Iran talks and disruptions to navigation through the Strait of Hormuz—geopolitical sentiment is fully inflamed. In the past 24 hours it has surged nearly 7%, directly pushing up to around 84!
Although the Middle East powder-keg talks have not been resolved, and US inventories have fallen to the lowest level since 1983, which has boosted oil prices—however, the RSI indicators on both the 1-hour and 4-hour charts have both skyrocketed to 80–90, which is extremely overbought. On Wednesday, the US July CPI data will be released; if the numbers come in hot and spark fears of further rate hikes, that would be the best excuse for the main players to take profits and dump.
The above is purely my personal opinion, for reference only.
#特朗普要求伊朗赔偿
Although the Middle East powder-keg talks have not been resolved, and US inventories have fallen to the lowest level since 1983, which has boosted oil prices—however, the RSI indicators on both the 1-hour and 4-hour charts have both skyrocketed to 80–90, which is extremely overbought. On Wednesday, the US July CPI data will be released; if the numbers come in hot and spark fears of further rate hikes, that would be the best excuse for the main players to take profits and dump.
The above is purely my personal opinion, for reference only.
#特朗普要求伊朗赔偿