Crude Oil – Sell around 73.50, targeting 70.00-68.00Brent Last Day Financial FuturesNYMEX_DL:BZ1!RuijinCatCrude Oil Market Analysis: The main reason for the continuous decline in crude oil prices is the reopening of the Strait of Hormuz. While short-term frictions and new developments exist, crude oil has not seen a significant rebound, indicating it is still giving back its previous gains. Today, the strategy is to sell on any rebounds. The fundamentals for crude oil largely support selling, with downward resistance around 73-75. Fundamental Analysis: The Iranian and US negotiating teams were scheduled to arrive in Doha this week, but Iran stated on Monday that no meetings have been arranged. This comes after attacks between the two sides over the weekend, testing the temporary ceasefire agreement aimed at ending the four-month-long conflict. Trump announced talks between the US and Iran, but Iran publicly denied this. The two sides haven't even reached an agreement on whether to meet. Trading Recommendation: Crude Oil – Sell around 73.50, targeting 70.00-68.00.