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$LABU $LABD US Crude Oil surged due to the White House's refusal to agree with Iran. Oil hit $101.30 per barrel and ended the week just under $100.82. Oil prices and the 10-year yield are moving together, both forming a bullish pattern. The yield jumped after CPI and PPI beat expectations, pushing it to 4.60%. This increase caused market fears about a possible long-term Iran standoff leading to inflation. However, the yield's RSI is nearing a peak, suggesting it might stall. The 10-year yield spread rose slightly, ending at 52 bps. BTC might face challenges. It kept hitting its 200-day moving average but couldn't break above it, which was around 82K. It has now dropped to 78K. Watch how it responds at the rising 50-day moving average of 75.5K. Contd...
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