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  • If Iran would retaliate, there is a heckuva lot of excess oil reserves out there.

Oil prices are now lower with the August contract now down -$0.56 at $73.36. The price is testing the 100 hour MA at $73.43

  • Highly that the big beautiful Bill would be signed by 4 July
  • All need to agree.
  • Expect to see a final deal by the end of the week and then passing both houses by the 4th of July
  • Very confident the process is proceeding very collegially.
  • Inflation is at lowest level in 4 years
  • No reason for the Fed to not cut rates now
Source: Forex Live