TRUMP IS BACK AT IT AGAINWell, whoever missed Trump's springtime dementia get ready, because the orange one is back at it again 👇🏻
Today monthly candles are closing, tomorrow the suits come back to work, and the new trading season kicks off. Under the noise, Trump starts up again I'm not even going to talk about the verbal diarrhea and dumping (though Trump just posted that the US should destroy Iran's economy and ruling elites once and for all because "Iran is a failed country"), but overnight the US and Iran exchanged strikes on energy and military targets again. Who started first is unclear, but on the news, oil got pumped from $82 to $85 in a couple of hours
If you look at events through the lens of the chart, I see good opportunities for a local rise to 90 on escalating tensions, and then a further decline to the bottom of the range at 80. The only condition is a successful close above the 86 level, which WTI oil price is currently sawing through
I don't think the oil rise will be historic at least until October so let's trade this global scam locally
Profit to everyone
