FX.co ★ XBR/USD, Brent Crude Spot, Brent Crude Oil, UK Oil

Before Trump's statement about blocking the Strait of Hormuz, I was expecting a drop in WTI crude oil prices to around $80, with the market inefficiency being worked out at Max Pain there. But now I'm starting to doubt this scenario, as we could see a Max Pain around $95.28 for the week, with a range of $95.46-95.74, and then a further increase. In general, I will try to buy there with a possibility of growth to $130, but with a reduced lot size. Right now, it's just weekend panic causing a nearly $10 drop, and there is no clarity on how the blockade will unfold. In any case, the market will be waiting for new statements, and Trump likes to stir things up over the weekend, only to backtrack by the opening of the US markets on Monday. So for now, I will try buying around $95.75 with a small risk from the deposit amount. If they break through and head towards the monthly Max Pain ($80) as initially expected, then from $95.70 onwards, I will start looking for sales after it consolidates below that level.