Old Trump calls to lower oil prices! $CL Is it safe to short at 71?

Good evening, brothers. I just checked the CL price, which has rebounded to 71, right at a key resistance level. Let’s analyze this together with today’s news about Old Trump.
Message side:
Old Trump publicly blasted gas stations, demanding to lower oil prices from $3.85/gallon to $2.5/gallon, citing high inflation in an election year, with gasoline up 40.5% year-over-year.
But note: The Supreme Court just ruled that his firing of a Fed board member was illegal, weakening the White House’s ability to intervene in the market. This call to oil companies is more “jawboning” pressure; actual effectiveness is questionable.
However, in the short term, it will indeed create psychological pressure on crude oil bulls.
Technical side:
The current price is exactly touching the MA10 moving average resistance.
Strong resistance above: 72.5, then 73.
Support below: the 70 integer level; if lost, look at 68.5.
Gongming’s view:
Old Trump’s bearish news combined with technical resistance gives a good risk-reward ratio for shorting here. Although there is still uncertainty in the Middle East, the short-term rebound momentum is limited, and a pullback is more likely.
Trading strategy:
Entry: Directly go short with a small position near current price 71.5, or add to the position on a rebound to 72.
First target 70, second target 68.5.
Chasing long at this level is risky; it’s better to short and be wrong than to chase the uptrend. #0成本拿2股SK海力士 #Solana生态ANSEM暴涨