Today's oil futures market It gapped up 78.5 Then it went down massively to 75.5 ie $3 drop (equivalent to $3000 / lot). How low will it go? ie similar pattern as what happened on 16 Jun 2025
Iran ain’t gonna block shit. They know they have been left hanging in the wind. Best they can do is lob rockets to Israel. I will be selling short SPY Puts this week.
On 23 Jun 2025, It went to as low as 66.5 78.5 to 66.5 ie $12 drop ( equivalent to $12,000 / lot ). a massive massive16% drop in just a day! Congrats to those who profited massively. Condolence to those who lost massively. ___________________________________ on 24 Jun 2025 gapped up to 67.8 then down to 65.1 ie $2.7 (equivalent to $2700 / lot in just 3 minutes). How low will it go? So don't need to trade with 10 or 100 lots. Oil movement could be jerky/messy. Avoid those landmines.