๐ Oil crashes 4% after the US-Iran peace deal, the geopolitical premium just got wiped out.
With hopes of the Strait of Hormuz reopening, traders are pricing in lower supply risks. Crude is getting hammered.
Time to short? Maybe. But after such a big drop, watch for a relief bounce first.
For now, the trend points lower as markets digest the deal.
#OilCrash #Geopolitics #TradingSignal
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