Is the bullish trend in crude oil at risk? The real test has just begun

Over the past year, one of the key factors supporting oil prices has been Middle East risks.
And now, signs of easing in US-Iran relations appear.
This means the bullish side in crude oil has lost an important card.
But that doesn't mean the bears will dominate.
Because the global crude oil market is not only influenced by Iran.
OPEC policies, US inventories, Asian demand, and global economic growth expectations all impact prices.
If future demand growth outpaces new supply.
Oil prices still have support.
In other words.
The Iran agreement is just one variable.
Not the whole answer.
The biggest change in the current market is sentiment.
Previously, everyone was worried about escalating conflicts.
Now, the concern is about increased supply.
The sentiment has shifted, but uncertainty still exists.
Therefore, high volatility is likely to continue in the coming weeks.
For investors, controlling position size is even more important than judging the direction.
Because the speed of news changes may be faster than price movements. #WTI原油失守90美元