The trading strategy is simple and clear.
Trading direction: Buy. Short-term target price: （USOIL:107$）.
Reasons: Oil export restrictions. The closure of the Strait of Hormuz reduces global oil exports by one-third, leading to energy shortages, increased demand, and reduced supply, making short-term long positions profitable.
WTI CL1! MCL1! BRN1! Note
Other oils are only for reference in terms of trading direction. The prices mentioned in this article only apply to USOIL.
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