"Traders placed a $430 million short position in Brent crude futures just 15 minutes before Trump announced the indefinite extension of a ceasefire on Truth Social."
"The aggressive sale of 4,260 lots of Brent crude futures occurred between 19:54 and 19:56 GMT, during post-settlement hours when market liquidity is typically thin."
"Brent crude prices fell to a session low of $96.83 per barrel shortly after the announcement, reflecting the immediate market reaction to the news."
"The April 21 event marks the fourth instance of large, well-timed oil short positions linked to announcements from the Trump administration regarding the Iran conflict."
Traders executed a $430 million short position in Brent crude futures shortly before Trump's April 21 announcement on Truth Social regarding a ceasefire extension. The trades occurred during low liquidity hours, with 4,260 lots sold at prices around $100.91 per barrel. Following the announcement, Brent crude prices dropped to $96.83. This event is part of a pattern of significant short positions linked to Trump’s Iran-related announcements, with previous trades totaling approximately $2.1 billion under investigation by the CFTC.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]