In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, it’s all eyes on US-Iran tensions.
Last week, Donald Trump ordered the assassination of an Iranian General and threatened further disproportionate consequences if Iran retaliates. The consequences of this act have not yet been made public but the Iranians are currently drawing up possible retaliations.
As tensions increase so does the anxiety within the markets, especially for the Gold and Oil markets. It is the Oil market which is giving us the potential opportunity at this time. A break above yesterday’s high of 63.16 is the level we are focusing very carefully on. However, the fundamentals and sentiment can change very quickly in these markets so always focus on effective risk management.
All Eyes on US-Iran Tensions – Full Video Analysis
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