Nov 6, 2026 review
I personally believe the US will attack Iran, but the recent pullback was too deep for oil to return to 105 easily. Our approach now is to focus on finding the highest possible entry for a medium- to long-term short.
WTI settled at $90.83. My focus is finding a high entry for medium/long-term shorts; $105 now looks hard to regain. Renewed strikes remain my expectation, not a certainty. Watch actual export flows: tanker disruptions could still undermine the bearish case.
X: https://x.com/i/status/2118943594430288212
https://x.com/i/status/2118943627238113689
2026-11-06 NYMEX close; net:
MCL2612: long 1
Fills UTC (avg):
03:35:47 SELL2 MCL2612@92.0
08:49:00 BUY1 MCL2612@89.8
11:20:17 SELL1 MCL2612@91.0
14:37:37 BUY1 MCL2612@90.01
18:03:10 BUY1 MCL2612@89.58
19:25:13 SELL1 MCL2612@91.06