HOW INVESTORS COULD GET AHEAD OF TRUMP SCRAPPING THE IRAN NUCLEAR DEAL $HAL $XLE $OIH $RDSB $MRO $CLR $XOP $USO $GLD $GDX $SLV
Prudent investors get ahead of major events.
One such event will be President Trump’s decision to either stay in the nuclear deal with Iran or withdraw. Iran is a major oil producer. If Trump withdraws and the oil supply is disrupted, oil prices may spike. That would affect several sectors of the stock market.
Let’s explore with a chart.
Chart
Please click here for an annotated chart of oil futures CLM8. Similar observations can be drawn from oil ETFs such as United States Oil Fund USO and VelocityShares 3x Long Crude Oil UWT. Please observe the following from the chart:
• Oil started running up on speculation that Israeli Prime Minister Benjamin Netanyahu would disclose a bombshell fact about Iran’s nuclear program.… Please click here or the title below to read more.