It really is TACO, oil prices have dropped significantly, what a pity, I was too timid to continue shorting yesterday, and now I still have a WTI short position with an average price of $77.36 (losing 22%) and a Brent short position with an average price of $80 (losing 47%). However, this only addresses the issue of the 20% tax in the US, and the issue of Iran controlling the Strait of Hormuz has not yet been resolved.

Next, we will have to see the continued tug-of-war between the US and Iran. The current temporary plan is to short WTI at $82 and short Brent at $86. My view is that the highest point for WTI is just under $81, and if there is more negative news, it won’t surpass $82, while Brent will be just under $86.

However, this position is somewhat conservative and may not yield any profits. If you are bolder, you could short WTI at $80 and Brent at $85 again, but make sure the margin is above $100 to prevent unforeseen issues.

I still believe that shorting oil at high levels is not a problem because there is a ceiling on the rise, so as long as the margin is sufficient, I am not afraid of the current unrealized losses.

@Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFD, one-stop trading for prediction markets

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。