WTI Will Fall After Recent Middle East Events
Updated
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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