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On June 9, the U.S. Central Command announced on social media that the U.S. military fired on an empty oil tanker attempting to sail to an Iranian port in the Gulf of Oman, rendering it incapable of navigation. The statement said the Palau-flagged tanker "violated the U.S. blockade order" and was sailing through international waters of the Gulf of Oman towards Iran, with its crew refusing to comply with U.S. instructions. An F/A-18 Super Hornet fighter jet from the USS Abraham Lincoln aircraft carrier fired a precision-guided weapon at the tanker, rendering it incapable of navigation. The U.S. Central Command stated that since imposing a blockade on maritime traffic to Iranian ports on April 13, the U.S. military has rendered seven merchant ships incapable of navigation and forced 134 vessels to change course.According to Saudi Arabias Al Arabiya TV, the US State Department stated that the naval blockade against Iran will remain in place until an agreement is reached. Frozen Iranian assets will not be unfrozen or released until Iran fulfills its commitments.U.S. Democratic senators sent a letter to the Inspector General requesting an investigation into Transportation Secretary Duffys road trip, which was paid for by corporate donors.June 9th - As of 2:30 PM closing, the Shanghai Gold futures main contract rose 0.06% to 952 yuan/gram, the Shanghai Silver futures main contract fell 0.65% to 16,506 yuan/kilogram, and the SC crude oil futures main contract fell 1.12% to 590 yuan/barrel.Futures News, June 9th: As of 2:30 PM closing, the Shanghai Gold futures main contract rose 0.06%, the Shanghai Silver futures main contract fell 0.65%, and the SC crude oil futures main contract fell 1.12%.

Short SPX: Top Trade Opportunities

Cory Russell

Apr 25, 2022 10:42

The animal spirits that had dominated the stock market for most of the previous year were breaking as 2021 came to a close. The market then collapsed in Q1. Although the recent drop was severe, it was far from savage.


It's possible that the shot across the bow is to blame. The rally, which started in late March, will be closely monitored since it might be a "sucker's rally" rather than a relief rally. If this is the case, Q2 is likely to see a lower high.


Price isn't expected to rise much over 4600, if at all. A rally that extends beyond that point may still fail as a double-top. The market normally does not retrace more than 60-70 percent of the slide off the record high to reach the classic topping sequence of a high, major drop, lower-high before the massive bear market sell-off.

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