September 28, 2026

By Nigam Arora

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

Iran Hopium Dashed

Please click here for a chart of the oil ETF (USO).

Note the following:

•  The chart shows that this morning in the early trade oil ETF USO is rising. 
• The chart shows that oil is now at the top band of zone 1 (resistance).
• The chart shows that oil is now at the same level that it was during peak Iran fear during May of this year.
• The chart shows that earlier in September, oil rose above the peak Iran fear level; the reason was that the Chinese came back into the market buying oil.