ショート
US OIL: Short
I believe there will be an overall bullish consolidation before a break to the downside.
If energy sanctions are are lifted, we can expect even an even greater possibility of a trend reversal.
“Sanctions … on Iran’s energy sector, which include oil and gas, or those on the automotive industry, financial, banking and port sanctions, all should be lifted based on agreements reached so far,” Deputy Foreign Minister Abbas Araqchi was quoted as saying on Saturday by the Iranian state media.
At current prices, the lifting of energy sanctions means Iran could increase its revenue ... This will push the price in only one direction: downwards.
If energy sanctions are are lifted, we can expect even an even greater possibility of a trend reversal.
“Sanctions … on Iran’s energy sector, which include oil and gas, or those on the automotive industry, financial, banking and port sanctions, all should be lifted based on agreements reached so far,” Deputy Foreign Minister Abbas Araqchi was quoted as saying on Saturday by the Iranian state media.
At current prices, the lifting of energy sanctions means Iran could increase its revenue ... This will push the price in only one direction: downwards.
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