IRAN: Trump Headlines on Iran - RTRS

Recapping the latest headlines from President Trump on Iran where he states this is the last chance for Iran to make a deal:

• Conflict with Iran is working out very well
• Iran talks are on
• Iran talks are going on right now
• When Iran is talking, they don't like to say so
• Iran said it wanted to talk about the strait
• This is the last chance for Iran to sign a deal
• Gulf nations wanted to give talks a 'last chance'
• Phase one of Iran talks is reopening Strait of Hormuz
• Phase two with Iran is denuclearization, after strait
• Trump, asked on Hormuz: i won't let Iran charge (BBG)

While front month WTI has remained steady throughout, just below the $80 mark, equities have been extending session highs, with the Nasdaq now pushing 2% gains on the session.

TRUMP: I'M NOT GOING TO LET IRAN CHARGE TO GO THROUGH HORMUZ STRAIT - [RTRS]

• RES 4: 110-10+ High Jun 27 and a reversal trigger
• RES 3: 110-00   Round number resistance 
• RES 2: 109-09   50-day EMA
• RES 1: 108-25+ 20-day EMA 
• PRICE:‌‌ 108-12+ @ 19:01 BST Aug 03
• SUP 1: 107-29   1.618 proj of Apr 17 - May 4 - 7 swing
• SUP 2: 107-20+ 1.764 proj of Apr 17 - May 4 - 7 swing 
• SUP 3: 107-06+ 2.000 proj of Apr 17 - May 4 - 7 swing 
• SUP 4: 107-00   Round number support

The short-term trend condition in Treasuries remains bearish and Friday's sell-off reinforces current conditions. The contract traded to a fresh cycle low to confirm a resumption of the downtrend and maintain the bearish price sequence of lower lows and lower highs. This paves the way for a move towards 107-29, a Fibonacci projection. Resistance at the 20-day EMA is at 108-25+.