Although the negotiations between the United States and Iran have not yet been completed, in order to control the rise in oil prices, especially with WTI recently exceeding 110 dollars, Trump publicly stated that starting Monday, Eastern Time, he will help ships pass through the Strait of Hormuz. While this action does not fundamentally solve the issue of smooth passage through the Strait of Hormuz, expectations for a decline in oil prices can already be seen, and it is estimated that oil prices will begin to decrease when the CME opens on Monday.

Publicly shorting WTI began with the ceasefire between the United States and Iran. Although there is an expectation of oil price decline now, from the performance perspective, it is estimated to be similar to the immediate post-ceasefire phase, continuing to fluctuate around 90 dollars. If there is a desire to return to below 70 dollars, it is likely to take quite a long time, so the first phase of this shorting should focus on 90 dollars, and after that, it will depend on whether the situation supports further shorting.

The main reason is that when market expectations are aligned, the funding rate will be very high, which is not conducive to long-term holding. If planning to short WTI in the long term, it is still recommended to do so through a brokerage, even though there is no leverage, the costs are much lower, and the full funding rate costs are a bit expensive.

Looking at the data for Bitcoin, liquidity was very low over the weekend, trading volume was low, and turnover rate was low, which is perfectly normal. Next, we will see the situation of the negotiations between the United States and Iran next week.

#Bitget VIP, lower fees, better benefits

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。