The Middle East is on fire! $CL Oil prices are going wild, nearing $100—are you guys chasing the rally or getting out?
Overnight, WTI surged nearly 2% to above $99. The immediate trigger was a drone attack on a Saudi Aramco oil field, a series of attacks on shipping in the Strait of Hormuz, and a sharp 3.1-million-barrel drop in U.S. EIA crude inventories—all of which instantly stoked supply fears. But there’s a large buildup of profit-taking positions in the $99–$101 range, and the RSI is nearing overbought territory, sharply increasing the risk of chasing the rally.
Trading plan: Consider going long around $98–$99, with a target around $100–$101.
Is $99 a pit stop or a ceiling? Comment “long” or “short”—let’s see how many people dare to catch a falling knife with guns pointed at them.
#特朗普拟阐述打击海外加密诈骗
Overnight, WTI surged nearly 2% to above $99. The immediate trigger was a drone attack on a Saudi Aramco oil field, a series of attacks on shipping in the Strait of Hormuz, and a sharp 3.1-million-barrel drop in U.S. EIA crude inventories—all of which instantly stoked supply fears. But there’s a large buildup of profit-taking positions in the $99–$101 range, and the RSI is nearing overbought territory, sharply increasing the risk of chasing the rally.
Trading plan: Consider going long around $98–$99, with a target around $100–$101.
Is $99 a pit stop or a ceiling? Comment “long” or “short”—let’s see how many people dare to catch a falling knife with guns pointed at them.
#特朗普拟阐述打击海外加密诈骗