The logic behind going long on crude oil is:


1. The continuation of the war. From the perspective of last Thursday, the Trump administration will not withdraw from the war anytime soon (no strategic goals achieved, no negotiations with the actual ruling factions).
2. Japan is shorting with $140 million worth of branded assets. Recall the 2020 Oil Treasure incident, where Bank of China faced a margin call of hundreds of millions. Large positions in branded assets will definitely be targeted.
CL has risen 12% in one day. Do you think it's a short squeeze? ☺️
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