Many must be holding shorts and they will anxiously watch the crude oil price at 4:30 am Monday open in investing site. On MCX 4-5 more hours wait. and long holders cant wait for open also.
Black swan events like these are very fearful for positional/swing traders , if caught on opposite side. I remember few years ago Banknifty was opened 1000 points gap up due to some anouncement by RBI and one of TJ member was holding shorts. In nifty I have never seen more than 500 points gap up/ gap down , max was 400 + .
edit : I was holding a long and short both in crude oil (sep & oct expiry) for last few days but have to exit first long due to severe fall after trump fired bolton and then exited short on last min on friday as crude was holding ground.
Agar dono long/short rakhe hote to maza aata.