🤔$CL in the recovery room and the patient is constantly being resuscitated 🤒.
Just as you were about to long it with all your cash, after the news about the destruction of a US Navy ship drops, someone says: "That's it, we're done in Iran, let's pack it up." Oil instantly takes a sad bow to 88.74, forcing the bulls to check their supply of validol and turning you into liquidity.
On the candlestick chart, we see the classic picture of 'falling into the abyss' with a timid attempt to bounce back. The RSI at 42 hints that we're no longer in a coma, but the marathon is still far off. The EMA(99) is waving at us from somewhere in the cosmos at 101.55 while we flounder around 96.
The conclusion is simple: right now, the oil market is a casino, where instead of a dealer, we have geopolitics. We're sitting here, waiting for the oil rocket to hit 100+, or yet another "we were just joking" and a dive to new lows.
Strategy of the day: don’t blink 🧐. Because while you're blinking, it’s either "peace," or "escalation," or a new move of 3–5% that will then be dubbed a "logical market reaction."
So what's going on here right now?👇
#CLUSDT #iran