Tony Sycamore

"The tariff news over the weekend has resulted in some risk aversion flows this morning, which can be viewed in the price of gold and US equity futures and this is weighing on the crude oil price."

"I don’t believe that the US wants to attack Iran, given the risks it brings in terms of regional destabilisation and, closer to home, voter discontent ahead of the November midterms."

"A sustained break above the top of this range would open the way for further gains towards $70.00–$72.00. Conversely, signs of de-escalation would likely see a retracement back towards $61.00."

"Crude oil remains at the very top of the US$55–US$66.50 trading range that has defined the past six months."

"The Street wanted more or was not willing to chase Nvidia at its current high valuation."