The news resulting from the US Iran deal will focus on the oil patch for the first round of aftershocks. This is so because of the geopolitics of the affair. The Middle East. Enough said. We enter today at or above 70.56. We place the profit objective between 70.77 – 70.89 and the stop loss between 70.23 – 69.98.* NOTE* Price will be on the move today and for the near future. The entries and exits will change from those posted here. They are less important than the direction. The direction of movement is the key.
US Leaves Iran Deal. Oil Price Reacts
Daily Analysis - 09/05/2018