# 原油

Yesterday, affected by the shipping risk in the Strait of Hormuz, gold prices dipped to a low of 4737, then quickly rebounded and recovered, closing at 4820.
The sharp drop at the open yesterday was mainly due to the release of geopolitical risk sentiment over the weekend. After a brief bottoming out, the rebound was strong. From the chart perspective, the four-hour Bollinger Bands are opening upward, and the KDJ three-line golden cross is moving upward. The trend today is expected to continue oscillating upward.
Trading suggestions:
Pull back to around 4795-4810 to go long,
Target at 4830-485

📅 During the trading session on April 20th | Divergence signals confirmed, beware of liquidity tightening
The market early in the session was driven by geopolitical risks (Strait of Hormuz situation) causing oil prices to soar, but asset prices responded with a "liquidity tightening" trade — a preliminary establishment of Risk-Off mode. Entering the European trading session’s observation verification period, the key is whether the sentiment continues.
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🔥 Core trend: Crude oil surge ≠ Risk appetite rebound
• Brent crude oil (XBRUSD): Currently at 96.53 (+3.9%), surged nearly +7% at one

The Big Goose’s boat can safely pass through for free. We can also safely pass through for free at Dongda. No big issue. Keep wasting time! #原油 $CL

Unprecedented Spread Trading Opportunity in Crude Oil
Trading Strategy: Go Long on Brent and WTI Crude Oil Spread
(Buy Brent crude oil while shorting WTI crude oil)
Historically, Brent crude oil prices have been higher than WTI 70% of the time. Since 2010, 90% of the time the spread has been positive. Before 2010, it was generally negative, ranging from 0 to -3, with extreme cases reaching -7.
Today’s intraday spread hit -4, which is very rare in history and presents a great opportunity.
In recent years, the typical spread has been between 2 and 5.
🉑️ Spreads above 10 can also be gradually sh