Chasing Oil Spikes? How Geopolitics Can Wreck Setups

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Oil prices surged over 12% in Asia on Middle East headlines, sparking a surge of volatility across safe-haven currencies and stock market futures during thin trade.

It felt like a good time to provide food for thought to newer traders looking to chase these moves, highlight the mockery geopolitics can make of technical analysis with recent examples, and provide a filter for when the waters may be safer to reenter.


Matt Simpson, Market Analyst at City Index and Forex.com

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