Crude oil crash truth! This time is truly different

Brother Wan's view: The short-term rebound is imminent, but the rebound is a selling opportunity, not a bottom-fishing chance.

Last night, the weather changed
WTI fell below 74, plummeting 4%, from 78 to 72.76, bulls defeated. Three major bearish signals: Iran sanctions lifted, Hormuz agreement, SPR sharply dropped by 9.1 million barrels to the lowest in 41 years. Supply-side geopolitical double whammy, the decline is high in volume and quality.

Liquidation chart leak
72.70-73.50 piled with massive long positions, breaking below 73 will trigger a stampede; but overhead short pressure at 75-76 is equally intense. Currently, 72.76 is the last line of defense for bulls, severely oversold, short covering could trigger a rapid rebound.

Only one direction
In the short term, expect a rebound to 74.5-75, medium-term short target at 70.

Brother Wan's trading advice:

Resist at 74.5-75 to open short positions, target 72→70.

The rebound is just a correction; the decline is the trend—don’t mistake a bounce for a reversal.

#美伊谈判第一轮结束 #沃什首秀美联储利率不变 $CL