The United States and Iran have always had a complicated relationship, but I believe that after experiencing a war, both the United States and Iran will exercise restraint to prevent the conflict from escalating, especially in the Strait of Hormuz. I have emphasized repeatedly that this is no longer just an issue for Iran or the United States, but a global issue.

From the trend, the price of WTI has already reflected the market's expectations regarding the situation between the United States and Iran. The opening of the Strait of Hormuz is inevitable and is under pressure from all sides. Yesterday, Iran was still showing a tough stance toward the United States, claiming it had blocked the Strait of Hormuz. However, today, even though the Strait of Hormuz has not yet opened, the price of WTI has continued to decline.

The price is the best way to reflect the market's sentiment. I will take profits if I get around 70 dollars on this trade. There may still be a range of 5 to 10 dollars below, but this range is too small and might fluctuate, so I will pass on it.

For this round of WTI trading, I will write a detailed reflection after closing the position. But for now, my advice to friends is that if you are not monitoring the market daily and are not trading short-term, try to avoid going long on WTI, as the cost-performance ratio is too low.

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