Re-Entering Oil Long After Strikes on Iranian Ports

Well, oil prices have entered the range I previously identified for myself for reopening a position. It even dipped lower, but the news flow suggesting Iran and the US were close to a deal made it risky to enter with certainty.

However, following the news of strikes on Iranian ports, I’ve decided to jump back in. That said, I'll have to keep a very close eye on the news from here on out. This escalation could fizzle out at any moment, and I might need to close the trade quickly.

Please, DYOR. It’s my deal and my risk. This time I’m much less confident in it and ready to close it with loss.

Originally posted on Telegram channel.