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Medium-term bullish strategy for stable returns

Iran has backed down! The Strait of Hormuz will open within 7 days, $CL has fallen below 91, and the short sellers' feast has only just begun Brothers, if you are still holding long crude oil positions, it's time to wake up. Iran proposes: The US lifts the blockade, and the Strait of Hormuz opens within 7 days. This is not a signal for negotiations; it is outright surrender. The geopolitical premium that previously supported oil prices is about to go to zero overnight. WTI has fallen below 92. Look at the candlestick chart: 90.19 is the low, and the current price of 91.06 is below the Bollinger middle band at 92.38. The MACD has formed a death cross with green bars, while RSI at 30/34/35 is oversold. Resistance above is at 92.38-93.99, and support below is at 90.19-90.77. Gongming's view: Once the Strait of Hormuz opens, the global crude oil supply landscape will be rewritten, with a medium-term oil price target of 85. Oversold conditions may trigger a rebound, but the rebound is an opportunity to short, not to buy the dip. Trading strategy: Conservative traders should wait for a rebound to around 92.5-93 before entering short; Aggressive traders can enter short with a small position around the current price of 91.2. Remember, when the geopolitical premium goes to zero, every rebound is an opportunity to short. Don't try to catch a falling knife. Follow Gongming and profit together without losing your way! #加密货币总市值重返2.8万亿美元 #AMD市值首破万亿美元