Phyrex|Jun 16, 2026 16:53
My WTI short position is still open. For now, my plan is to wait until Saturday Beijing time to see how the U.S. and Iran's signing situation unfolds. If there are any unexpected twists, I might exit at any time. As long as there's a rebound, I'll keep chasing shorts.
If the signing progresses smoothly by Friday, I'll hold onto this short position. Of course, by then it might be close to $70, in which case adding more wouldn't make much sense. But if it stays around $75, I'll add another short.
My expected normal price for WTI is below $65, so ideally, once it hits $65, I'll start taking profits in batches. The current price is a bit awkward. After missing the $80 level on Sunday, WTI has been trending downward. As it stands, unless the U.S. and Iran fail to reach an agreement, oil prices are likely to keep dropping.
I can't be sure if the signing will go smoothly on Saturday. Trump announced today that the $300 billion reconstruction fund is fake, so we still need to wait for the actual signing and see the official announcements from both sides to know for sure.
All in all, let's wait and see on Saturday.
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