President Trump has called off the war dogs.
Trump was to meet with the War cabinet tomorrow regarding the next attack on Iran, but Trump is posting that the Crown Prince of Saudi Arabia and the Pres. of the UAE, asked him to hold off on the planned military attack citing serious negotiations are now taking place.
Crude oil is back down to $102.37 currently. That is down from $105.21. The price is still above the 100 hour MA at $101.23 and the 200 hour MA at $98.92. There is a swing area between $97.34 to $98.58 as well. Get below those levels and stay below, and we can talk about the potential for more selling.
The Nasdaq index has seen a bounce off the lows, but the Nasdaq and the S&P still remain down on the day. The S&P is down -30 point or -0.41% at 7379. The Nasdaq is down -233 points or -0.89% at 25996. The lows were at 7353.17 and 25867.30. for each of those indices.
