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$CL This batch of long orders is essentially capitalizing on changes in supply and demand expectations in the crude oil market.
Crude oil prices have always been a sensitive asset to geopolitical developments. As soon as there’s uncertainty in the Middle East situation, relations among oil-producing countries, or the supply side, the market will trade the risk of supply ahead of time.
Recently, worries about the stability of energy supply have intensified, and funds have started to refocus on crude oil prices. #布伦特原油重返100美元
So, by choosing to open longs around 86.66, the current price has moved to 89.69, and profits are gradually being realized.
In many cases, crude oil trading isn’t about waiting for news to land, but about watching how funds price in risk in advance. $BTC $ETH