Today's oil price, ah.

CN
Phyrex
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1 hour ago

Today's oil prices make me feel distressed just looking at them. Recently, friends have asked me if I have any spare time, isn't that obvious? My principle of shorting at high prices has always been steadfast, and it remains the same now. Mainly, I feel there's no need to keep mentioning it, and recently I haven't reached my accumulation point, so I haven't elaborated much. Currently, I'm targeting WTI at 97 dollars and Brent at 102 dollars for further accumulation, while also keeping my margin above 120 dollars.

Earlier, some friends asked me about the funding rate, and it almost made me feel heartbroken. The biggest mistake this time was that when my profits reached 70%, I chose to continue risking it. If I had exited then, the current situation would have been much simpler. This opportunity was presented to me three times, and each time I failed to exit while in profit. Of course, this is also related to my judgment on Trump's TACO, and I didn't expect Iran to be so tough this time, while Trump, who should be tough, has softened.

Although I am still at a floating loss, I believe it's still necessary to short oil at high prices. Currently, two things can lead to a decrease in oil prices. One is Iran opening part of the Strait of Hormuz to allow some countries to pass, including discussions in that direction with China. The second is returning to negotiations with the United States, which is more challenging. There are rumors that Trump has already backed down as of yesterday, and Iran still refuses to accept a ceasefire unless it's according to the previously mentioned peace agreement.

In the past two days, the price of Bitcoin has been somewhat favorable, but I haven't engaged in dual currencies for two consecutive days. On one hand, I'm unsure when Trump might make a big move, and on the other hand, I'm worried about inflation rising on Friday. Although there's still two days left, I can never seem to get a good price. Ideally, I'm looking for around 73,000 dollars, but there’s almost no interest at that price range, so waiting is fine too.

@Gate Crypto, US stocks, Hong Kong stocks, South Korean stocks, gold, CFD, one-stop trading in prediction markets


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