Greg Michalowski

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Commodities
SHENLONG OIL
Commodities

Oil plunges as Iran tensions ease. Crude oil futures settle at $88.13

  • Crude oil price moves down -$10.10 or - 10.28% to start the Trading day
News
Trump news
News

Trump: Discussions with Iran to determine whether broader agreement can be reached

  • Trump engages in crucial discussions with Iran to prevent nuclear weapon development. World safety at stake as negotiations progress.
Technical Analysis
GBPUSD
Technical Analysis

GBPUSD had defined a more narrow trading range after the sharp move higher

  • The GBPUSD has support near 1.3362 and 1.3374 and resistance between 1.34708 to 1.3488.
Central Banks
US GDP
Central Banks

Goldman Sachs raises its US recession probability

  • Wall Street Journal reports that Goldman Sachs is raising its recessionary probability to 30% up 5% from its prior estimate
Technical Analysis
USDCHF technicals
Technical Analysis

USDCHF breaks the 200 hour MA and runs to swing area support.

  • The swing area on the downside between 0.78349 and 0.7840 stalled the fall. On the corrective move higher, the 200 hour moving average at 0.7872 is topside resistance
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