This time, when crude oil is rising, many people say it can be shorted—just like in the previous times. They believe it will inevitably fall back down, and they’re doing it according to “inertia.”
Even I thought that this time the Americans’ strike was for the purpose of negotiating, and negotiations must be negotiated.
But when most people all think this way, the oil price in the short term may not come down. If it doesn’t follow the majority, the market can never try to solve things by sticking to a fixed plan. Wait and see.
$CL