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#TradFiCFDGoldMasters I was kinda expecting this
"Oil prices crash 4% following the US-Iran peace deal."
The market is quickly removing the geopolitical premium that was keeping oil elevated.
With hopes of the Strait of Hormuz reopening and oil flows returning to normal, traders are pricing in lower supply risks, sending crude sharply lower.
Time to short? Maybe
But after a move this big, I'm watching for a relief bounce before getting too comfortable.
For now, the trend favors lower oil prices while the market digests the impact of the deal.