Taking a look at oil today and we have seen about 1.60 today in terms of price. Its to be expected I guess considering the attack on the Iranian oil tanker was only a temporary push. Cooler heads seem to have prevailed and even though the missiles were shot from the direction of Saudi Arabia, Iran seems to have backed off blaming the Saudi Kingdom for the attack but have stated they will not let this attack go unpunished. Problem is if Saudi didnt do it, who did? Im willing to bet it wasnt UAE or Yemen... But who was it if not Saudi? That is the million dollar question. This seems like a tit for tat if you ask me. Saudi felt attack but fell short of blaming Iran even though the attacks were clearly from the North suggesting they have Iranian origins. Not to mention the drones and missiles were of Iranian origin. Still Saudi refrained from blaming Iran. Now Iran was attacked at sea and the origins of the attack are still being investigated. Something tells me there is more to the story than meets the eye. Perhaps these are attacks that were planned ahead of time to try and increase the price of oil? I know that this probably wouldnt be the first time this occurred and will likely not be the last considering Oil is the life blood of these 2 countries and most of the middle east for that matter. If this escalates to all out war oil will likely surpass 100 a barrel very fast. Now looking at the oil chart today we have lost some ground and fell to the .382 fan. The candles have been finding support on this fan for 8 days or so. You can clearly see that the candles are respecting the fan quite well. Oil will become more volatile as the middle east becomes more volatile. No way around it. Trump seems dead set on keeping prices as low as possible to make himself look good. Gas has remained relatively reasonable the last 2 years or so. But something is going to give. One mistake and the world will be at war. One single wayward strike can end with the entire middle east in flames. I hope we do avoid war. Nothing is worth the death of perhaps millions.