Crazy to me that crude oil
#CL_F has stayed within the range set in the first 48hrs of the US/Iran conflict for 90 trading days.....spike high of 119.48 (Mar 8) to the low of 76.73 (Mar 10).
Today, with news breaking that Iran shot down an Apache and Trump vowing to respond, CL is down 3.3% at $88.28, sitting -1.5sd below its 63D quarterly VWAP of $96.
If you told me that on March 8th, I wouldn't have believed you. Another lesson in efficient markets and to play things simply, or not at all, if it is a market you are unfamiliar with, and much less smarter than.
Happy to have benefited from energy exposure and avoided attempting to trade futures against the literal US Treasury.
Huge thanks to
@AahanPrometheus for all the free stuff that he put out *before* this happened!