Should oil continue to be bought long?

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Regarding oil, another bombshell news broke. The deployment of torpedoes in the Strait of Hormuz, restricting cruise ship access, caused oil prices to rebound, rising from a high of $76 to $89, a gain of $13. Currently, it's trading at $86. The API data also contributed significantly, showing a substantial decrease in the reported value. However, the energy crisis won't last long. The oil premium will eventually be offset by war. Therefore, I believe short-term oil trading should focus on shorting. $86-$88 is a good selling price, with a target of $80-$78.



MCL1! CL1! WTI USOILSPOT

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