Middle East Tensions escalating -- what is in it for India ?
Petrol prices in India to test 113 & Diesel 65 INR per liter ahead ??
Impact on International Crude basket & Gold Prices
The nightmare we were talking about in the previous years during Palestine Israel unrest regarding petrol & diesel prices in India - probability of skyrocketing to 86 - 93 and later 113 - Am afraid now that it looks more than likely sooner than latter & the Nightmare is turning out be a Freaking Nightmare
More Damage
Iran enters the slot with Syria by deploying 4,000-strong force’ to Syria as US military set to stay in Jordan
The Pentagon announced a detachment of F-16s and US Patriot anti-aircraft missile systems dispatched to Jordan
The deployment of the first several-thousand strong military contingent - The move signals Iran’s intention to drastically step up its efforts to preserve the government of President Bashar Assad.
Lebanon Hezbollah is trying to seize the op by violating the seize fire - and waking up the Hella Giant Israel which is mum for some time keeping a Hawk Eye on Developments & Planning their Strategies
The Islamic Republic’s heightened military commitment could reportedly extend to the opening up of a new “Syrian” front of the Golan Heights against Israel.
Golan Heights have recently become a source of new instability with increasing cross-border fire and Austria are withdrawing its peacekeepers from the buffer area This stirred concern in the UN is a warning that the fragile state of no-war between Tel-Aviv and Damascus is at risk.
The ongoing military activities in the [Golan] area of separation continue to have the potential to escalate tensions between Israel and the Syrian Arab Republic and to jeopardize the cease-fire between the two countries
The US, Israel and Iran are not the only actors to have “activated” recently. Saudi Arabia - Al - Nusra , Hezbollah is in a Race to fit the Slot
Talking About the Impact on International Crude basket Prices
As per the Alert we initiated Since Mid may That Oil’s seasonal Move Around the Corner targets 105.25 in the near term & $123 In Short Term which can also be considered a retracement of Multi Year High 147 or Gap Filling
But, by observing the Developments unfolding & situation getting More Sensitive in Middle East its getting Clear that “123” Will tested in the weeks – months ahead > But the Now the situation worsening we are pretty concerned & started considering all options - factors which can Probably Push the crude Prices above $123 Mark & a breakout above $132 will Activate the fears - sentiments & Euphoria in traders of a new Multi Year high which may further fuel the Rally $152 – $165 - $200
What’s Ahead for Gold?? – Will the History of Sentiments Repeat itself which happened in the past during the Egypt uprising in 2010 December & Later carried away by Libya revolt.
So for now over here the Question is >>
Can the Syria Tensions Be a Trump Card for Gold Bull’s to head way up North above $2000 Mark While Analysts - Media Houses – Guru’s – Financial Experts & Institutions are advising clients globally not to Buy Gold as of present scenario & gold to crack below 1300 Mark??
Or this euphoria can just help the Gold Crooks to Squeeze the Net Short Positions violating & Manipulating technical indicators – supports – resistance levels & other patterns and study Indicators and Give up from the Mid of its Northward Journey ??
**Premium Members get a complete report of trading levels – reversal points & Trading strategy based on price action and tape reading as in my Opinion Technical Indicators will not be of much help or make any good during times like these **
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