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Iran vs Oil Play
Commencing next week, many analysts will be wondering if Iran will retaliate following the airstrike by US that caused the death of Qasem Soleimani.
One possible action Iran could undertake is to reduce or stop the oil supply out of Persian Gulf. This move will hurt the US economy and inevitably drives up oil prices.
I don't know if this will happen but if the price action on the chart breaks above 2.42, that will be a good telltale sign. Get ready your ammunition, oil bulls are far from over.
One possible action Iran could undertake is to reduce or stop the oil supply out of Persian Gulf. This move will hurt the US economy and inevitably drives up oil prices.
I don't know if this will happen but if the price action on the chart breaks above 2.42, that will be a good telltale sign. Get ready your ammunition, oil bulls are far from over.
註釋
nice bullish candle, expecting it to go up tonight註釋
retesting the 2.42 level again. Yesterday, Oil falls 4% so this is Oil related so it follows to a certain degree.
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