$CL Crude oil surged before pulling back, and the whole Middle East story hinges on these few faces!
I took a look at the 1-hour CL chart: it slid steadily from 104.72 to 101.24, down nearly 2% on the day. Why such a sharp drop? It’ll make sense once you’ve read this.
On one side, CNN reported that the U.S. military is ready to launch large-scale strikes on Iran within 96 hours, if Trump gives the order. In theory, that should be hugely bullish. But on the other side, senior officials from Saudi Arabia, Turkey, and Pakistan traveled together to Tehran to discuss a “West Asia security framework.”
As soon as that picture emerged, the market got the message: they’re looking to negotiate and ease tensions! The war premium that had been priced in was wiped out in an instant, and bulls rushed for the exits to take profits. But does that mean the war won’t happen? The U.S. military’s strike plans are still hanging over the market. Right now, bulls and bears are battling around the 101 level. 100 is psychological support below, while 102.5 is the resistance level that was just broken.
Don’t chase the short. Geopolitically driven markets like this can reverse sharply at any moment on a single news headline. Be patient and wait for it to retest and hold near 100, or look for an opportunity if a rebound meets resistance. In a choppy market, take a quick bite and get out. Want to catch tonight’s turning point? Come find me at Steel Fortress. #股票财报季 #富兰克林邓普顿申请股息转比特币ETF
I took a look at the 1-hour CL chart: it slid steadily from 104.72 to 101.24, down nearly 2% on the day. Why such a sharp drop? It’ll make sense once you’ve read this.
On one side, CNN reported that the U.S. military is ready to launch large-scale strikes on Iran within 96 hours, if Trump gives the order. In theory, that should be hugely bullish. But on the other side, senior officials from Saudi Arabia, Turkey, and Pakistan traveled together to Tehran to discuss a “West Asia security framework.”
As soon as that picture emerged, the market got the message: they’re looking to negotiate and ease tensions! The war premium that had been priced in was wiped out in an instant, and bulls rushed for the exits to take profits. But does that mean the war won’t happen? The U.S. military’s strike plans are still hanging over the market. Right now, bulls and bears are battling around the 101 level. 100 is psychological support below, while 102.5 is the resistance level that was just broken.
Don’t chase the short. Geopolitically driven markets like this can reverse sharply at any moment on a single news headline. Be patient and wait for it to retest and hold near 100, or look for an opportunity if a rebound meets resistance. In a choppy market, take a quick bite and get out. Want to catch tonight’s turning point? Come find me at Steel Fortress. #股票财报季 #富兰克林邓普顿申请股息转比特币ETF
