I saw a UFO was the 2006 hit song by Australian Electro-pop outfit Sneaky Sound. Will geopolitics prove to be the UFO for markets in 2017? Not if you believe moves yesterday with only small changes in yields, equities and currencies, while the VIX remains at a low 13.8. The oil price was the standout performer with WTI oil up 1.6% to $53.10 a barrel while Brent reached $55.99 after having risen for six-consecutive days. Although geopolitical tensions have played a role, yesterday’s moves were driven more by an outage at Libya’s largest oil field and comments from Russia that it was looking to extend the OPEC-lend oil production cuts. Russia’s Deputy PM was quoted last week wanting the oil price in a $55-60 a barrel range.

To mark my 1300th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1/4 updated emails throughout the trading day. This offer is open to both new and existing members and if anyone is interested can you please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 8 points yesterday and is now ahead by 456 points for April, having made 1335 points in March, 1481 in February and 1734 in January. The previous seven months saw gains of 1351, 1971, 1582, 1142, 1782, 1682 and 2550 points respectively. Since I started this new Platinum Service in June 2015 it has averaged a monthly gain of over 1750 points.

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