TL;DR: Brent crude gapped sharply lower to $85.50 as US and Iran refrained from further strikes over the weekend, but shipping data from the Strait of Hormuz and Bab el-Mandeb shows the physical supply crisis is far from resolved — raising the risk that this selloff is a bull trap rather than a genuine reversal. […]
The post Is Brent Oil’s Gap Lower a Bull Trap in Disguise? appeared first on ActionForex.
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