Today's message about the Oil Trading Alerts is going to be short as Nadia Simmons is not in the position to write the regular issue in full today. However, she is keeping an eye on market developments, and has sent in the following summary:

Sometimes, geopolitical news can temporarily disrupt even the best-laid plans. That happened with the U.S. strike hitting two key Iranian generals while visiting Iraq. The sparks are flying, and the oil market has reacted with a volatile upward move. From the risk-reward perspective, it'll be best to let the market digest the news, and then shrug it off - once that happens, we'll weigh carefully our next moves. For now, no position is justified from the risk-reward point of view.

Thank you.

Nadia Simmons
Forex & Oil Trading Strategist