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J.P. Morgan's "Technical Analysis": Oil prices reach key resistance, medium-term bearish outlook for gold, bearish view on copper to be reinforced if it breaks support

J.P. Morgan's "Technical Analysis": Oil prices reach key resistance, medium-term bearish outlook for gold, bearish view on copper to be reinforced if it breaks support

``` The commodity markets are simultaneously approaching multiple technical levels. According to news from Chase the Wind Trading Desk, JPMorgan technical strategist Jason Hunter pointed out in the commodity technical chart report on July 21 that major commodities such as Brent crude oil, gold, and copper have all reached key price
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WTI surged to a six-week high of $88! Trump says "inside Tehran" is included in strike coordinates; Cushing inventories hit bottom and production decline resonate.

WTI surged to a six-week high of $88! Trump says "inside Tehran" is included in strike coordinates; Cushing inventories hit bottom and production decline resonate.

``` WTI crude oil has risen to about $88, a six-week high, as geopolitical and fundamental factors—which previously diverged—have now tightened together in a rare synchronization. Trump has made his threats much more specific, pinpointing coordinates within downtown Tehran instead of general threats; Cushing inventories continue to fall, approaching
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Trump threatens that if Iran attacks a ship, he will bomb a bridge or a power plant; Iran responds that if attacked, it will retaliate against U.S. interests and facilities.

Trump threatens that if Iran attacks a ship, he will bomb a bridge or a power plant; Iran responds that if attacked, it will retaliate against U.S. interests and facilities.

``` The US-Iran conflict is further escalating along the path of "attacking ships—striking infrastructure—retaliating against US interests." According to Xinhua News Agency, US President Trump said on Wednesday the 22nd that from now on, whenever Iran opens fire on ships in the Strait of Hormuz, the US
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