Oil - I would be

    Posted by DigiNomad on 30th of Oct 2023 at 11:33 am

    Oil - I would be surprised if this weakness lasts. With the Gaza ground phase started, it's hard to imagine we don't see an escalation from Hezbollah. I'm not an expert on that region but I think just Hezbollah would be a best case scenario. Iran probably chomping at the bit to strike in some way, but they're playing the social media game for the time being. Their current strategy is very similar to how Saddam Hussein played the Western Media 20 years ago...almost exactly 20 years now that I think about it (I had been in Iraq for a couple of months on this day 20 years ago). *When I say "they" I mean Iran and all of its proxies, including Hezbollah and Hamas. 

    technicals say otherwise

    Posted by kingpin15 on 30th of Oct 2023 at 11:41 am

    technicals say otherwise

    I agree. That's why I

    Posted by DigiNomad on 30th of Oct 2023 at 11:43 am

    I agree. That's why I posted. But we had a fake breakdown on October 5th also. All it will take is an escalation on any 1 of many fronts (1 headline basically)  The market is betting on a contained conflict. The market also bet that higher for longer wouldn't be a thing and inflation would continue its march lower. Market has been wrong a lot lately. 


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