While central Banks globally are now forced to cut rates, due to the Federal Reserve's jumbo cut of 0.50%, to make their currencies competitive v's the USD. Oil jumps on geopolitical concerns, namely the looming war between Israel and Lebanon. An oil shock cannot be ruled out. Stagflation could hit commodity export countries first.

 

Price resistance at: 72 and 75

Supports 70, and 69

New/s headlines:

• Hezbollah ‘enters battle of reckoning’ with Israel as world powers urge restrain - The Guardian

• Weakened and infiltrated, Hezbollah vows ‘battle without limits’ against Israel - CNN

• IDF chief vows strikes on Hezbollah will intensify until terror group ‘understands’ - Times of Israel