MONEY RUSHING INTO SAFE HAVENS AS WALL STREET’S CALLOUS CALCULATION BLOWS UP
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Market Mechanics
Please click here for a chart of West Texas Intermediate crude oil futures (CL_F).
Note the following:
- The chart shows that oil is jumping after a blast at a hospital in Gaza killed a large number of civilians.
- Iran is calling for an oil embargo against Israel.
- In The Arora Report analysis, given the presence of two US aircraft carrier groups near Israel, there is no chance of a potential oil embargo succeeding.
- Iran is also calling for Islamic countries to sanction Israel.
October 18, 2023