In general with today news we have heard that a top Iranian general was killed by a US airstrike and Iran have vowed to retaliate but we do not yet know how and investors will be waiting to find out what this retaliation will be.
OIL has reached highs off $63.80 nearly reaching $64. This level was last seen when we saw the attack on the Iranian Oil field in September 2019, (Those in the community will remember the +1000 trade). Remember Iran being one of the biggest exporters of Oil this news can continue to affect the cost of OIL. As we await to hear what will develop with Iran we can expect OIL and GOLD to currently hold current prices / remain bullish.
Very interesting levels for GOLD and OIL that we will be watching these levels carefully.
OIL has reached highs off $63.80 nearly reaching $64. This level was last seen when we saw the attack on the Iranian Oil field in September 2019, (Those in the community will remember the +1000 trade). Remember Iran being one of the biggest exporters of Oil this news can continue to affect the cost of OIL. As we await to hear what will develop with Iran we can expect OIL and GOLD to currently hold current prices / remain bullish.
Very interesting levels for GOLD and OIL that we will be watching these levels carefully.
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