$CL Iranian oil prices plunge, gold rebounds, Treasury yields fall—boosting tech stocks and cryptocurrencies. Crude oil takes a dive.
Just now, Iran released a statement saying it wants to end this stalemate of neither war nor peace. Keep in mind that global oil prices are currently rising because the U.S.-Iran war has halted cargo traffic through the Strait of Hormuz. Some countries have reported tight inventories, which has driven crude oil prices steadily higher.
In the short term, bearish news about crude oil will ease pressure on tech stocks, major cryptocurrencies, and gold. So tonight, U.S. tech stocks and major cryptocurrencies could see a nice bounce.
The recent rise in crude oil prices probably won’t last long. I expect prices to make a sharp correction before rising again. At the current price of 101, you can enter a short position, with a target of 95 and a stop-loss at 105. The feed is delayed, but opportunities are always there 👇
#原油 #伊朗
Just now, Iran released a statement saying it wants to end this stalemate of neither war nor peace. Keep in mind that global oil prices are currently rising because the U.S.-Iran war has halted cargo traffic through the Strait of Hormuz. Some countries have reported tight inventories, which has driven crude oil prices steadily higher.
In the short term, bearish news about crude oil will ease pressure on tech stocks, major cryptocurrencies, and gold. So tonight, U.S. tech stocks and major cryptocurrencies could see a nice bounce.
The recent rise in crude oil prices probably won’t last long. I expect prices to make a sharp correction before rising again. At the current price of 101, you can enter a short position, with a target of 95 and a stop-loss at 105. The feed is delayed, but opportunities are always there 👇
#原油 #伊朗
