Crude oil falls below 101, with 60–70% of accounts betting on a decline—but Lao Niu, a futures veteran of over a decade, isn’t following this time
I just pulled up the crude oil chart for a quick look. Perpetual futures are hovering around 100.9, down about 2% over the past 24 hours according to contract data, with the intraday low around 100.3. The news is all weighing on prices: foreign media report that Iranian and Qatari officials have been in talks for three days, while OPEC+ has left its December production target unchanged. Shipping-tracking data also show that Middle Eastern crude exports have largely returned to prewar levels.
But the market is already leaning heavily to one side. Contract data show that short accounts make up 60% to over 70% of the total. Open interest fell by around 3% to 7% in a day, and funding rates are mostly near zero. During my years at a futures brokerage, the situation I was most wary of was everyone crowding onto the same side. If negotiations hit another snag, a short squeeze could come quickly.
This article won’t give you an entry point. I’m not chasing the short side, and I’m not rushing to buy the dip. Tankers are still being attacked around the Strait of Hormuz, and the outcome of negotiations could change at any moment. A single long wick in crude oil can mean a move of several dollars, so if you’re holding short positions, don’t go all-in. Some of the guys in the Expeditionary Force asked whether crude oil was ready for a bottom-fishing play. Lao Niu’s answer is this article: wait. These are only Lao Niu’s personal views. Crude oil contracts are highly volatile, so think carefully before placing an order.
$CL #币安恢复28种法币提现
I just pulled up the crude oil chart for a quick look. Perpetual futures are hovering around 100.9, down about 2% over the past 24 hours according to contract data, with the intraday low around 100.3. The news is all weighing on prices: foreign media report that Iranian and Qatari officials have been in talks for three days, while OPEC+ has left its December production target unchanged. Shipping-tracking data also show that Middle Eastern crude exports have largely returned to prewar levels.
But the market is already leaning heavily to one side. Contract data show that short accounts make up 60% to over 70% of the total. Open interest fell by around 3% to 7% in a day, and funding rates are mostly near zero. During my years at a futures brokerage, the situation I was most wary of was everyone crowding onto the same side. If negotiations hit another snag, a short squeeze could come quickly.
This article won’t give you an entry point. I’m not chasing the short side, and I’m not rushing to buy the dip. Tankers are still being attacked around the Strait of Hormuz, and the outcome of negotiations could change at any moment. A single long wick in crude oil can mean a move of several dollars, so if you’re holding short positions, don’t go all-in. Some of the guys in the Expeditionary Force asked whether crude oil was ready for a bottom-fishing play. Lao Niu’s answer is this article: wait. These are only Lao Niu’s personal views. Crude oil contracts are highly volatile, so think carefully before placing an order.
$CL #币安恢复28种法币提现
