#oil 🛢 The CL oil grade has settled above the resistance zone of $93.8 – $92.2. The market is ‘releasing’ everyone who got stuck in longs, which means that potential growth targets are above $102.5.
As soon as the price settles above this level again, a gradual, long-term short position with a minimal leverage (1x) can be considered, with an adequate volume and readiness to wait out de-escalation or crisis.
❎ Main conclusion: looking at the fall of the Nasdaq Composite and S&P 500 and the rise of oil - the markets do NOT believe in de-escalation in the Middle East for now. Investors are preparing for the worst-case scenario.
And this means: any positive news can give a very strong impulse, as the negative is already partially priced in.
👍 The conclusion is simple: there are opportunities even in negativity - the main thing is to see them.
💰 On Hype: if the price together with the market goes into the liquidity zone of $34 - $35, I plan to enter a small long position (10x) to try to catch a bounce. Stop - liquidation
🔥 Now I'm curious to hear from you:
What do you think - will the markets drop further or are they close to a turnaround?
And would you enter into such deals now? 👇