HOUTHIS’ DEADLY ATTACK ON SAUDI ARABIA ECLIPSES TRUMP’S RUSSIAN DIESEL DEAL; CHINA’S 4F² THREAT TO MICRON
By Nigam Arora
To gain an edge, this is what you need to know today.
Advance In Memory Chips
Please click here for a chart of oil ETF (USO).
Note the following:
- The chart shows oil ETF USO moving up on two crosscurrents. President Trump’s Russia diesel deal is negative for oil, but the Houthi attack on Saudi Arabia is positive for oil.
- The chart shows oil ETF USO has moved into zone 1 (resistance).
- RSI on the chart shows USO has room to run in either direction.
- President Trump has announced a landmark diesel deal with Russia aimed at bringing down energy prices.
October 12, 2026