NSDQ100 uptrend consolidation supported at 21300Markets Rattled After Israel Strikes Iran
Israel launched major airstrikes on Iran, targeting nuclear and missile sites, as well as top military leaders. The move sharply escalates tensions in the Middle East and came despite warnings from former President Donald Trump, who was told of the attack only shortly beforehand. He later warned Iran that future strikes would be “even more brutal” if no deal is made.
Market Reaction:
Oil jumped up to 13% on fears of supply disruptions.
Gold climbed as investors rushed to safe-haven assets.
Stock futures and crypto fell on rising geopolitical risk.
The U.S. dollar dipped, then rebounded, as its role as a safe-haven asset came into focus.
Other Key Updates:
Trump wins court backing to keep troops in Los Angeles amid ongoing protests. A hearing is set for Tuesday.
Meta invests billions in Scale AI, bringing on its CEO to boost efforts in building artificial general intelligence. Meta is aggressively hiring top AI talent from firms like Google.
For Traders:
Watch oil and gold closely for continued volatility.
Safe-haven flows could drive further USD and gold moves.
Meta’s AI push may influence tech sector sentiment.
Key Support and Resistance Levels
Resistance Level 1: 22070
Resistance Level 2: 22370
Resistance Level 3: 22680
Support Level 1: 21300
Support Level 2: 21060
Support Level 3: 20820
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
