Big Picture:
US-Iran escalations continue- Brent crude gone up to $92 per barrel
- Trump again starting the tariff restrictions
- Quarterly earnings not impressive yet
Positional
- 24000-500 seems to be the congestion zone
- Crude oil prices will continue to be an overhang if they stay elevated
- Earnings are not as great as we hoped for
- Something big needs to happen to come out of this congestion zone
Intraday
- 24,050-150 is the support
- 24,300-350 key resistance zone
- Between these zones, there is just noise so better to stay out.
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
