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Ochlokrat
Apr 19, 2024 4:10 AM

WTI Will Fall After Recent Middle East Events Short

WTI Light Crude OilBlackBull Markets

Description

The oil price rose on reports of an Israeli attack on Iranian territory. However, since the attack occurred in a very limited scope and both sides seem to be giving each other the opportunity to exit the conflict with face-saving, it is expected that the price of WTI will soon decrease again. This assessment is supported by a hidden bearish divergence in the CumulativeDelta.

Trade closed: target reached

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