$XTIUSD Keep shorting!! Stay ahead and eat up profits!

Now is the time to short crude oil CL, the logic is very clear, focusing on two core real issues:
First, the previously crazy geopolitical tensions are about to cool down.
Currently, the market is buzzing that Trump’s side and Iran are very likely to reach a settlement, possibly signing a memorandum of understanding, directly resolving the blockade of the Strait of Hormuz.
Earlier, oil prices surged sharply, all driven by panic premiums betting on the Strait being blocked and oil being unable to be shipped out.
Now that this biggest risk is gone, the panic sentiment will fade, and oil prices will naturally fall as they can’t sustain the high levels.
Second, oil supply is about to rebound significantly, directly resolving the previous shortage crisis.
During the US-Iran conflict, the Strait of Hormuz was basically paralyzed, and a huge amount of crude oil couldn’t be shipped globally, causing daily oil shortages in the market.
But once negotiations are successful and navigation resumes, the Persian Gulf’s daily production capacity of over 14 million barrels will return to the market, reversing the previous tight supply situation.
Inventories will also quickly rebuild, and high oil prices won’t be sustainable.
The IMF has long warned that oil prices hitting $120-$130 would drag down the global economy, and Goldman Sachs also said that only a continued blockade of the Strait would push oil prices higher.
Now that the situation is easing, high oil prices have no support, and the downward space is very clear.
Keep heavy short positions going ⬇️⬇️⬇️#Gate广场五月交易分享