Gold and Crude Oil Speaking Factors:
- Crude oil prices have added practically $4/barrel since Friday
- US-Iran tensions have all markets on edge
- Gold has a robust bid too, however appears extremely overbought
| Change in | Longs | Shorts | OI |
| Daily | 14% | 2% | 7% |
| Weekly | 54% | -18% | 5% |
Crude oil costs have risen by practically 4 {dollars} a barrel since Friday as markets fret heightened tensions between the USA and Iran.
Thursday’s killing of Iranian army chief Qasem Soleimani in a US airstrike in Iraq has prompted Tehran to say it’s going to not respect uranium enrichment restrictions contained within the nuclear deal signed in 2015. Iran has vowed to retaliate towards the US and markets are like everybody else on watch to see what type this retaliation will take. Saudi Arabia and Iraq are the 2 larges producers within the Group of Petroleum Exporting International locations and…