Is Iran Preparing To Send Oil Back To $100?

Two of?Saudi Arabia’s key oil sites are attacked?and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The?U.S. assassinates?the most important man in the most volatile regime in the Middle East but the level still holds firm. Iran retaliates with missile attacks against the?U.S. base [Ain al-Assad] in Iraq?but the cap remains unbreached. The U.S. has gone to great lengths to put a serious lid on the oil price at this US$70-75 per barrel of Brent level for the economic political reasons analysed below, supported by a variety of means also examined below, but retaliatory moves being planned by Iran for the execution of Major General Qassem Soleimani by the U.S. might blow through the cap and even through the key US$100 per barrel of Brent resistance level. READ MORE

TECHNICAL ANALYSIS

EURO is for sure Oversold for now; we stay optimistic this week for EURO but with a very tight Stop Loss
JPY is soon to be reckon with as the the Middle Easy stays unstable
As mentioned in my previous trade idea – CNY will be a best for Volatility – we BUY CNY

KEY TAKEAWAYS

  • The oil price remains volatile as middle east stays uncertain
  • Currencies will react as the Oil remains uncertain
  • The impeachment continues and it does’t look good – READ MORE

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