---

Hey guys,

It’s SO MUCH EASIER to review your trading and look ahead with new market analysis when things just work. It’s basic human emotion and I’m sure you can empathise with me on this if you’re a trader, analyst or really any activity that has a win/loss binary outcome.

But whether markets are cooperating or not, how could I ever be stressed out when getting my morning coffee means I’m presented with an outlook like this:

I stopped and chilled under one of the palm trees today:

Yeah, I really have no right to complain.

🌴.

---

Market Overview

But let’s get into what’s making headlines in the world of financial markets today, starting with the big geopolitical issue of Iran’s nuclear program.

Here is the bombshell Israeli Prime Minister Netanyahu dropped overnight (yes, pun intended):

“After signing the nuclear deal in 2015, Iran intensified its efforts to hide its secret files. In 2017 Iran moved its nuclear weapons files to a highly secret location in Tehran.”

Now personally, I’m shocked and appalled that an open, trustworthy, nation with the global integrity that Iran enjoys, would simply lie to the international community!

WELL NO FUCKING SHIT, GUYS!

Also just quietly, how good are the Israelis’ PowerPoint skills. Not to mention how heavy and ridiculous all that paper must have been to store in Iran.

Both of them... I just... 😂😂.

Netanyahu went on to say that Israeli intelligence hasn’t obtained documents that show over 100,000 pages of evidence around their continued nuclear program and deceptive tactics.

This of course saw Oil rip higher once again, but as you’ll see from the chart analysis in the section below, you could have blocked your ears of the outside noise and focused solely on support/resistance zones on your chart and had the same outcome.

Technicals lead fundamentals, people. It’s always the same old story played out right in front of your eyes, time after time after time.

---

Commodities Markets

Being all about Oil today, it’s straight into commodities markets and a focus on Texas tea!

For context, here’s the higher time frame chart with the levels that we’ve been talking about for a while now:

CL Daily

Zooming down into an intraday chart and remember how I was complaining that I had missed my long entry in Oil by a bee’s penis? Well the market so often gives you a second chance... and if you’re really lucky, even a third:

CL Hourly

How about that for a bounce out of our buy zone!

As I said above, technicals always lead fundamentals. Price didn’t just happen to be sitting in that zone when the Israeli PM stepped up to the podium. It was there because that’s the point where things happen.

Price positions itself leading into these sorts of things. Risk is always being priced in and set up to be priced in.

Don’t be naive.

---

Cryptocurrencies Markets

I know it’s kind of dumb that I did a forex and indices focused weekly market preview and now I’ve spoken about commodities and crypto, but forex markets are just following the same USD strength narrative that we’ve seen playing out for the last couple of weeks.

Markets are always changing and if something else is moving and offering a trading opportunity, I’m going to talk about it. Exhibit A and B being Oil and EOS.

Speaking of EOS, check out this run on the daily:

EOS/USD Daily

😍.

The first cryptocurrency to return back to their 2017 all time highs and we’ve been trading EOS all the way up. It does not get any better than this.

Well, I’m not looking to be bailing on any positions with momentum and strength like that and with this pullback into the higher time frame zone, we have an opportunity to look for an intraday entry. IF it holds.

Take a look at the hourly:

EOS/USD Hourly

I really don’t think I’ll be able to say no to adding to my position here if the zone holds up.

Will you?

✌🏻.

---

@forexbrokr | Steemit Blog

Market Analyst and Forex Broker.

Twitter: @forexbrokr
Instagram: @forexbrokr

Leave a comment to chat about forex and crypto trading mentorship.