US30 - Uptrend intact. Iran sanctions minor
Trump exaggerated seriousness of sanctions against Iran. Considering that 80% of Iran's economy crippled by existing sanctions, new sanctions announced by Trump yesterday were aimed at heads of the Republic. Market reacted positively (as it's not a war), shooting up toward 26830.
Right now we are in range trading which will probably last until Monday, pending trade war negotiations with Xi.
Personally, I'm long from 26750 with SL at 26730. We are clearly still within ascending channel and prior to G20 might test ATH at 26900 with high probability as there is no negative news on the horizon.
-=Never give up=-
Right now we are in range trading which will probably last until Monday, pending trade war negotiations with Xi.
Personally, I'm long from 26750 with SL at 26730. We are clearly still within ascending channel and prior to G20 might test ATH at 26900 with high probability as there is no negative news on the horizon.
-=Never give up=-
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