Trump makes one move and sends the market tumbling! $CL falls below 91—is the 90 level made of paper?
Guys, once all the good news is out, it becomes bad news. Don’t try to catch a falling knife while headlines are flying everywhere!
Trump announces complete control of the Strait of Hormuz; Russia sends diesel and calls for lower oil prices. The geopolitical premium built up earlier has completely collapsed, and the 1-hour chart plunged straight from 92.88 to 86.88. The current price is 90.66. The upper Bollinger Band at 91.73 is firmly capping the price, with the middle band at 91 and the lower band at 89.92. MACD is weak below zero, and RSI at 39 is on the weak side. The data is bearish, and price action is choppy with a bearish bias.
Trading strategy: Sell short on a rebound to around 91.5–92; consider a small long position on a pullback to around 89.5.
My personal view: In the short term, I expect choppy movement and a pullback; in the medium term, geopolitical tensions may flare up again. Follow Gongming to stay on track and catch the gains. #Ledger暂停CryptoBilis销售 #STRK24小时上涨约20%
Guys, once all the good news is out, it becomes bad news. Don’t try to catch a falling knife while headlines are flying everywhere!
Trump announces complete control of the Strait of Hormuz; Russia sends diesel and calls for lower oil prices. The geopolitical premium built up earlier has completely collapsed, and the 1-hour chart plunged straight from 92.88 to 86.88. The current price is 90.66. The upper Bollinger Band at 91.73 is firmly capping the price, with the middle band at 91 and the lower band at 89.92. MACD is weak below zero, and RSI at 39 is on the weak side. The data is bearish, and price action is choppy with a bearish bias.
Trading strategy: Sell short on a rebound to around 91.5–92; consider a small long position on a pullback to around 89.5.
My personal view: In the short term, I expect choppy movement and a pullback; in the medium term, geopolitical tensions may flare up again. Follow Gongming to stay on track and catch the gains. #Ledger暂停CryptoBilis销售 #STRK24小时上涨约20%