Crude Oil – Sell around 75.00, target 70.00-65.00Brent Last Day Financial FuturesNYMEX_DL:BZ1!RuijinCatCrude Oil Market Analysis: Crude oil has fallen directly to pre-war prices, which were around 60 before the war. Now it's as low as around 68. The outlook for crude oil remains bearish. Furthermore, the Strait of Hormuz is gradually reopening, with recent news indicating some ships are passing through in an orderly manner. The direct drop in crude oil prices is therefore understandable, reflecting the market's reaction to fundamentals. Today, a small rebound to 75 could be a good time to sell, with resistance around 80. Those shorting crude oil should definitely cut their losses. If a fundamental positive development occurs, prices could surge again. Fundamental Analysis: The Iranian Islamic Revolutionary Guard Corps attacked a merchant ship in the Strait of Hormuz, putting the recently agreed-upon reopening of the strait to real-world scrutiny. The target was a cargo ship flying the Singapore flag, and this occurred after the US and Iran signed an agreement last week to end the conflict and restore navigation. Trading Recommendation: Crude Oil – Sell around 75.00, target 70.00-65.00