Yesterday, I reduced my position at the storage peak because it was deviating from the moving average near an extreme. Sure enough, today’s sharp decline has already dropped 25%, including domestic storage reducing its position as well.

During the main upward wave, this reduction pattern is still effective, and I also used this method at the beginning of the year to hedge risks with gold and silver.
However, currently, the moving averages of major storage leaders both domestically and internationally are still diverging upward, so we cannot consider it a historical top. Let’s wait and see for more adjustments.