Last week delivered a powerful relief rally across US indices despite oil surging back above $100 on escalating Middle East tensions. This week, the focus shifts to earnings season and whether equities can hold these gains while crude continues to squeeze higher — I'm watching key resistance levels closely for signs of continuation or rejection.
US indices staged a solid recovery last week despite oil's worst collapse in six years, as weekend US-Iran talks offered hope for a resolution to the Strait of Hormuz crisis. This week, I'm watching whether US30 can reclaim 48,000 and hold it, or if we're setting up for another leg lower as inflation data keeps the Fed sidelined.