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I think crude oil is very likely to follow the same pattern as gold/silver last month, experiencing a sharp drop followed by a significant rebound. If Iran were really prepared to invest like this, they wouldn't choose a new supreme leader whose father, wife, and daughter were all killed by the U.S. I really can't imagine how Trump could still successfully TACO this time; as long as he continues to strike, controlling oil exports is Iran's biggest countermeasure.
I haven't built a position yet; I'm planning to wait three or four days to see how things develop. Does anyone have a different opinion?
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