Petroleum

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Up 2.64%.

It's the Nikkei priced in yen.

At number four, we've got WTI crude oil up 2.64% as well.

And for number three, we have technology sector up 3.35%.

And yeah, there's been some signs that it's coming down and then it changes again.

Oil is a big factor.

Clearly, it's costing people so much more to fill up their car.

I think.

As the earnings parade continues this afternoon, Amazon down nearly 11 during irregular hours at 243, down nearly 17. in after-hours trading at $2.26.

Taking a look at SpaceX, it closed down $1.34 today at $1.43 and changed.

Tesla down 92 cents at $4.0330. Oil still up there, near $103 a barrel in New York.

Brent crude in London, just shy of $116 a barrel.

So insiders will see those setups on their members dashboard.

Crude oil is doing what crude oil does.

Now, yesterday we looked at this small triangle developing just ahead of the overall target back in, I think, within 50 cents.

I think I'm going to call that hasn't been met.

1.15 on Brent, which is crazy that that is red.

And Crude is down 0.6. Defense.

Palantir is up 1.3, back above 200 and fucking candling.

Lockheed is down a percent.

They won the Battle of Hormuz.

Oil flows to the Gulf returned to pre-war levels.

At this point, I started saying, look, guys, Iran has lost the Battle of Hormuz.

They need a new theory of victory.

Sorry, the price of the physical delivery of oil was well over 100.

Given the futures market is trading... either side of 100 when he wrote his article on this matter.

And given the fact that the means of collecting data is much more opaque and is probably connected somehow with assets which are related to the US Department of Defense, who have an incentive to try to manipulate down the oil price, then we should call into question this narrative of whether Oil flows going through the Strait are back to close to their pre-war levels based on Kepler data.

How would you respond to that?

Okay.

Phil, um, Since the last time we talked, and it wasn't that long ago, but this crude oil market has continued to push to the upside.

But I want to put it in perspective because the front month WTI, they made new highs on Fridays.

But if you put it on the continuation chart, we were higher earlier this year, right?

Okay.

All right.

What is being priced into the crude oil futures right now? To me, Phil, it feels like an intensive, an intensified fight between the U S and Iran is being factored in.

Is it not?