Why market acting strangely????
We have two developments since yesterday,
1- Terrorist premium is coming down after Al Zahwari Statement that America is no longer a target and they will target Israel.
2- Iran situation might be resolves peacefully, I think Iranian wants to see how election situation comes out in November.
It does not mean we go up or down immediately, but its participant wants to adjust positions. Actually now we may go down hard on down side then what was expected, I am long from morning and I will short more calls as spread at marker if we reached there. My stop is 39.00 which is rising about .05 cents every 30 minutes. These calculations are approximate, please do your own due diligence.
Good luck.
Farooq
Pokersam, this is not political view, these are news worthy giving second thoughts.