Since short selling oil

CN
Phyrex
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4 hours ago

Since shorting oil, every time there is a fluctuation in oil, my friends send me messages. I'm quite happy about this, after all, all analysis fundamentally serves the purpose of trading. Although it's just a 10U battle god, the logic of trading does not change just because it's only 10U. I also hope to share my logic to learn from all the teachers. It's completely normal for everyone to have different views on trading. The ability to communicate with each other is the greatest motivation for me to write X.

On the last trading day of this week, oil showed a decline, mainly because there will be several meetings next week involving Hormuz. I've mentioned many times that the Hormuz issue is not just aimed at China but will affect almost the entire world, including China. Today, Wang Yi also expressed support for negotiations between the U.S. and Iran, showing dissatisfaction with the blockade of Iranian ports and Hormuz.

As for whether this oil price will break the historical high, at least for now, I remain optimistic. The main reason is that when the U.S. and Iran were fighting the hardest, oil prices did not break the historical high. Even during Iran's three-month blockade of the Strait of Hormuz, oil prices still did not reach a new high. Therefore, the conditions for breaking the new high should at least be more intense than when the U.S. was fighting in the first half of the year.

Of course, no one can say for sure right now. My pessimism does not mean it won't happen. As I mentioned earlier, I trade based on my own logic. It's entirely normal to have different opinions; I might be wrong. But this is indeed what I think now and what I am doing now. If I'm wrong, I will bear it with my own position.

For bitcoin:native, I still have a dual-currency strategy. Today, I placed an order to buy at $63,000 next Monday. I don't know if I can get it.

@Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction markets, one-stop trading


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