UBER has dropped 2% today, with the open interest holding at around 7,000 lots near a recent low. The moment there are signs of escalation on the Russia-Ukraine front, traders react faster than anyone. Once oil price expectations rise, UBER’s cost pressure increases sharply—showing up directly on the chart. The bulls simply don’t want to take positions. Old Dog thinks this is the beginning of geopolitical risk pricing, not the end. The current price is 75.44. I’m planning to try a small short position, aiming for 72, with a stop-loss at 78. Only if it breaks below 72 will the downtrend truly be confirmed. If it breaks above 78, I’ll admit I’m wrong.

Trading tag: #TradFi #链上美股 #UBER

How long do you think this round of policy tailwinds can last?