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Sudden Market Breakout! WTI Crude Oil Surpasses $100 Again, What’s Happening?
This afternoon, crude oil experienced another surge, with WTI crude oil breaking above $100 again, closing at a high of $101.76; Brent crude also rose sharply by 2.8%, surpassing $107 per barrel. The little investor quickly checked the news, and sure enough, the yellow hair is about to cause trouble again. “Sources reveal: The U.S. is considering resuming military actions against Iran.”
Currently, within the U.S. government, there are differing opinions on the Iran issue. Some officials advocate for tough measures, including targeted strikes to weaken Iran and force concessions at the negotiation table; others hope to give diplomatic talks more time.
On the 11th, Trump held another meeting with the national security team to discuss the follow-up plans for Iran. There are also reports that the U.S. is considering options such as restarting the so-called “Freedom Plan” to facilitate ships through the Strait of Hormuz; another option is to resume military actions against Iran.
Today, we won’t discuss technical indicators and support/resistance levels. Let’s briefly talk about recent trading strategies. I’ve mentioned before that the current U.S.-Iran situation is mainly about bluffing and negotiations, using news to manipulate financial markets and harvest retail investors globally. Therefore, for gold, crude oil, and even Bitcoin, it’s unnecessary to rely heavily on technical analysis or chase news. Instead, focus on the range-bound zones, and when news triggers sharp rises or falls, you can even trade counter to the news, just make sure to set stop-losses.
So, the question is, should we now set short positions on crude oil? What do you all think? Leave a comment below!