Im going full fundamental on usoil
I saw BBC reporting that Trump said the Iran–US ceasefire is basically on life support. My first thought was simple: if things escalate and the Strait of Hormuz gets disrupted, oil could move fast.
I opened a long on USO on bitgetcfd with 0.1 lot due to the tight spread on the platform. and it’s up around 350% now. Then I checked sentiment on X and saw some analysts calling for $125 oil if the US gets directly involved.
My thinking wasn’t technical, justnews & likely market reaction. If supply fears grow, oil rises. If headlines calm down, I close.
Anyone else traded something similar lately?? howdid it go and whats ur bias on oil?