Good morning!
War continues in the Middle East, and energy prices are very volatile. On the one hand, the Strait of Hormuz remains shut, and oil infrastructure continues being hit, and on the other, the US is downplaying inflation risks, claiming the war has already been won. Fair to say that energy prices (Oil, Natgas) at these levels have a very strong inverse relationship with equities and crypto.
Data-wise, on Friday, we expect the PCE index to soften to 0.3%, while GDP growth is expected to be much softer at 1.4% quarter-on-quarter. Either way, data isn’t expected to impact the Fed meeting next week, where rates are set to remain unchanged. It will be interesting to see whether the war and energy prices will be mentioned as another metric to watch for future rate cuts.
Plan it. Alert it. Slam it.
✅ Read the trades
🔔 Set alerts
🎯 Time your entry
HYPE — Long
$29.99→ TP: 34.80SOL — Long
$80.77→ TP: 86.69
ZRO — Long
$1.46→ TP: 1.957 hit, 2.24 approaching
INTU — Long
$413→ $473 (approaching first TP level of $499)Timed the bottom of the AI fear trade reversal
TEAM — Long
$72→ $82 (approaching first TP level of $99)Timed the bottom of the AI fear trade reversal
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