{"id":22676,"date":"2026-03-03T13:49:54","date_gmt":"2026-03-03T21:49:54","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22676"},"modified":"2026-03-03T13:49:54","modified_gmt":"2026-03-03T21:49:54","slug":"iran-ir","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/iran-ir\/","title":{"rendered":"Iran & The Markets PLUS: March Dollar Index, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on March 4th, 2026"},"content":{"rendered":"\n\n\n
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Iran & The Markets<\/h1>\n

By John Thorpe, Senior Broker<\/em><\/h4>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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At-a-Glance Levels<\/h1>\n
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Instrument<\/th>\nS2<\/th>\nS1<\/th>\nPivot<\/th>\nR1<\/th>\nR2<\/th>\n<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
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Gold (GC)<\/strong><\/h2>\n

\u2014 April (#GC)<\/td>\n

4780.13<\/td>\n4944.47<\/td>\n5169.33<\/td>\n5333.67<\/td>\n5558.53<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 Mar. (#SI)<\/td>\n

70.59<\/td>\n76.66<\/td>\n84.13<\/td>\n90.20<\/td>\n97.68<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 April. (#CL)<\/td>\n

66.59<\/td>\n70.33<\/td>\n74.16<\/td>\n77.90<\/td>\n81.73<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Mar. Bonds (ZB)<\/strong><\/h2>\n

\u2014 Mar. (#ZB)<\/td>\n

116<\/td>\n116 20\/32<\/td>\n117 4\/32<\/td>\n117 24\/32<\/td>\n118 8\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Equities get legs on back-to-back days.<\/h1>\n

\"iran\"<\/p>\n

After a strong case that can be made for the S&P index completing the Elliot Wave 5th<\/sup> wave that began in November, the 6750 .00 price level has, so far, proven to be resilient. In the face of global uncertainty, it seems inertia has levitated the index just when it looked like the price was going to breakdown and violate the 200 day moving average on a closing basis in the mid 6700\u2019s.<\/p>\n

On each of the past two days, the index has rallied off it\u2019s early session lows, flirting with the MA.<\/p>\n

Crude Oil and energy by-products on a run to the upside<\/p>\n

As of\u00a0March 3, 2026,<\/h3>\n

The Strait of Hormuz <\/a>is currently in a state of de facto closure. While it remains technically and legally open as an international waterway, it is effectively impassable for most commercial shipping due to extreme security risks and the withdrawal of insurance coverage.<\/p>\n

On Truth Social, Pres. Trump recently addressed this “If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible.<\/p>\n

No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH \u2014 More actions to come,”\u00a0in a retort to the IRGC threatening to attack any ship in the strait, hours before.<\/p>\n

Current Status & Conflicting Claims<\/h2>\n