The news is now focus on the "quarrel" between Palestine and Israel.So the price of WTI is sustainable.
Are we starting to forget about the dispute in Iran about their Nuclear Power? Iran still does not budge on their nuclear development. This shows their dedication on fully developed their facility. What will happen then? It will be an interesting event to watch.
Will the world police gives the green light to order an Air Strike before / after the reactor is built?
Will Israel do the same as US?
Will Iran strike back? This is very likely.
One thing for sure, oil will definitely go up if such event occurs.
the main question to ask - when this will happen? The shortcomings of trading Oil in margin are paying the interests and when the market goes against your position. How much capital do I need to sustain my position or to keep betting until such event occurs? Risk management or capital protection is paramount. I wished I could bet a much larger position that it is now but I can't.
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