Although Iran remains stubborn when facing the US, at least it acts honestly, and oil prices have tended to fall below 80 $CL
US stocks just opened with a sharp rise, partly due to the decline in oil prices. Next, the focus is on navigation issues in the Strait of Hormuz
As long as this can be resolved, oil prices can fall further, starting with around 74-77
My short position is also waiting for this level. If it falls to 75 and approaches 70-72, I'll be ready to take profit
But if there are still issues in the Strait of Hormuz, oil prices may not fall so quickly.
This week, we continue to watch Dyor
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