Energy Update - Morning Express - Blue Line Futures

Two-sided volatility with the downside pressure being driven by non-sense was yet again the tale of the tape for yesterday's session. Escalating strikes from both sides led to the loss of US servicemen and more collateral damage for Iran's neighbors over the weekend. This led to some outright angry and violent truth social posts from President Trump. The Sunday night open featured a gap-higher into the upper end of our key technical region with clear momentum coming behind it. This was until the early morning hours, when rumors started circulating that Iranian leadership was making efforts to secure a 10 Day ceasefire.Worker checking a jackpump at sunrise by zhengzaishuru via iStock