Stay calm like water.
Daily update on April 7, 2024: Oil prices climbed above $90 this week for the first time since October, and traders are questioning how much higher they can go.
After a month of narrow range fluctuations, oil prices have risen in the past two weeks, partly due to concerns about the growing conflict in the Middle East, including Iran's potential strong response to Israel's attack on the Iranian consulate in Damascus.
Analysts say that even if political tensions begin to ease, oil prices may remain high because economic growth in the United States, Europe and China may boost demand, while OPEC+ restricts supply.
"It's supply and demand plus geopolitical factors," said Paul Horsnell, global head of commodities at Standard Chartered Bank. "Many market participants believe that the supply growth momentum last year will continue unabated this year, but this is not the case." Horsnell expects oil prices to remain above $90 in the coming months.
Account situation: total capital 57-million (including dividends), principal 150,000, yield ~300%. The total equity of the contract account is 495,000, the total position is 338,000, 50+ varieties, 180+ pending orders, and the transaction success rate is as high as 70+%.
Today's transaction:
1. SPELL
• Type: Limit Buy
• Price: $0.001142
• Amount: $1000.0
• Time: 08:00:24
2. LEVER
• Type: Market Sell
• Price: $0.004041
• Amount: $868.6
• Time: 20:24:59
Risk warning: Leverage is not a devil, it is just a tool to improve the utilization rate of funds. Leverage itself has no risk, the real risk comes from human nature.
