Iranian Foreign Minister says the memorandum of understanding has never been closer

The Iranian Foreign Minister is saying that:

• The memorandum of understanding has never been closer
• The signing is pending its finalization
• He comments that the media should refrain from entering into speculation about its contents
• The details of the deal will be forthcoming

A diplomatic source is also commenting that the US and Iran have informed mediators of their readiness to sign. Crude oil is trading at $84.79 which is down around one dollar on the day.

US stocks are moving to the upside with the S&P now at new highs up 47 points or 0.63% at 7440.36. The NASDAQ index is up 106 point or 0.41% at 25916.07. The S&P index is pushing above its 200 hour moving average at 7433.24. The NASDAQ index is also pushing to new highs. It remains well short of its 200 hour moving average at 26194.49.

This article was written by Greg Michalowski at investinglive.com.