Brent Oil’s $70–120 Iran War Range: What the Collapse Toward $95 Is Telling Markets
Brent Oil fell 8.7% on Wednesday to $94.62, reversing roughly half of its advance from $70.14 to $117.45 as markets removed part of the premium for a return to full-scale confrontation in the Iran conflict. That is not the same as pricing a settlement, and the first major test is the $88.21–93.80 support zone.
Gold Rebounds Toward 4,200 as 10-Year Yield Nears 4.8% — Reversal or Corrective Bounce?
Gold has rebounded nearly 7% from its 3,869.96 low to around 4,133 as the US 10-year Treasury yield fell from its October peak of 5.365% to 4.847%. Both markets now sit at decisive thresholds, 4,170–4,200 for Gold and 4.815–4.800% for yields, which will show whether this is a reversal or only a corrective bounce.
Democrats Sweep Congress, Stocks Rebound and Dollar Sinks — What’s Really Being Repriced?
Dollar fell to a one-month low on Wednesday as markets reassessed Democratic control of Congress. Dollar Index dropped 0.6% toward 101.27, weaker against all seven other major currencies, while the US 10-year yield declined about 5bps toward 4.917% and the 2-year eased about 3bps to 4.602%. US equity futures recovered sharply from overnight election-driven losses, led by traditional sectors rather than technology.
Nikkei Plunges After US Midterms, Then Rebounds — Knee-Jerk Reaction or AI Reset?
The Nikkei 225 plunged 4.84% to 60,030.10, its lowest since May, after the US midterms, then rebounded toward 61,944 to cut its loss to about 1.8%. The reversal leaves open whether it was a knee-jerk reaction or an AI reset, with key support at 59,072–59,332 and resistance at 64,831.29.
