Post

Oil prices really have more than 800 directions in a day #WTI $CL Originally surged close to 84, I rode the roller coaster twice again. Just because of the “US and Iran nearing some kind of arrangement,” oil prices dropped sharply accordingly. So what exactly is the arrangement? Although there’s no escalation to conflict, the market’s patience is limited. You can see it from today’s surge. Of course, talks are still ongoing with optimistic expectations, but prices have fallen to around 81. It’s just that the recent few days’ rates have been unfriendly; it’s a pity I didn’t boldly do swing trades. As I told Ni Da today, no escalation, and with CPI announcement coming soon, plus the midterm elections less than three months away, the expectation is that prices probably won’t rise much. But they really need to announce the specific results of the talks soon. I’m still waiting for below 72. However, if this time it falls along the trend, I’ll see the situation; I can’t ride the roller coaster anymore. DYOR