April 15, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Financial Conditions Ease

Please click here for a chart of oil futures (CL_F).

Note the following:

• Oil is most sensitive to developments in the Middle East.
• The chart shows that oil is falling after an Iranian attack on Israel.
• The chart shows that oil is consolidating around the upper trendline.
• The best of all scenarios is playing out in the Middle East.
  • Although there are contradictory reports, it is near certain that Iran informed Turkey and Turkey informed the U.S. of the Iranian attack in advance.