Although Iran remains stubborn against the US, at least its actions are quite honest, and oil prices tend to stay below 80 $CL
Just now, the US stock market opened with a big rise, also influenced by the drop in oil prices. Next, we will watch the navigation issue in the Strait of Hormuz
As long as this can be resolved, oil prices can fall further, initially targeting around 74-77
My short positions are also waiting at this level; if it reaches 75 and continues down near 70-72, I will prepare to take profits and exit
But if the Strait of Hormuz issue persists, oil prices may not drop so quickly.
Continuing to observe this week. Dyor
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