US-Iran tensions – Oil
Geopolitical tensions are taking center stage this week as President Trump’s rejection of Iran’s Strait of Hormuz proposal keeps markets on edge.
WTI crude is caught in a tight tug-of-war, keeping a foothold around its 20-day simple moving average near 97.00. While technical indicators hint that another bullish wave remains possible, buyers face their first true test at the psychological 100.60 barrier. A clean break above that mark opens a path toward 105.80, with major resistance waiting higher near 109.25.
On the flip side, losing 93.50 could trigger fresh selling, while a drop below the 50-day SMA at 89.15 would confirm deeper bearish control.
US Nonfarm Payrolls – Gold
Gold suffered a sharp setback after…
