First Capital Futures: Market Divergence Before US-Iran Negotiations, Intense Oil Price Bull-Bear Battle

In recent days, oil prices have experienced intense battles between bulls and bears. The main reason is that the current Iran situation is the key factor determining short-term market trends. With the outlook for US-Iran negotiations unclear, the market has formed different opinions. Previously, there were concerns about the negotiations being canceled, but Iran confirmed that today’s US-Iran talks proceeded smoothly. However, some investors still believe Iran will not compromise on nuclear issues, so they are betting on oil bulls. The long-term oversupply pattern remains unchanged, but short-term uncertainty is very high. Since the outcome of US-Iran negotiations is difficult to predict, it is recommended to stay on the sidelines for now. (Chuangchuang Futures)

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