Live in the NASDAQ markets, I'm in the heart of New York City's Times Square. This is fast money. Here's what's on tap tonight. A commodity climb. crude price is touching nearly three-month highs, while gold and silver said new records. What's behind the moves? How do you trade the space? And software has been sliding to start the year. The chartmaster says, go short. The one-top analyst thinks this is the time to buy in. Who is right? We'll hear both cases. Plus, what is behind the breakdown in bank stocks, the state of commercial real estate with one top investor? And it's day three of our 2026 trader acronym reveal. We've got top picks from Julie and Courtney later on this hour. I'm Melissa Lecomte-Live from Studio Bia

the Nazak on the desk tonight. Tim Seymour, Karen Fireman, Steve Grasso, and Guy Adami.

We start off with that crude awakening in the oil markets. WTI prices settling over the $62

mark for the first time since November, but pulling back late in the day after President

Trump suggested turmoil in Iran was abating. Still, the strength in black

gold has been pushing energy stocks higher, the sector of the best performing on the S&P today.

And so far this month, today's gains led by action Conoco, APA, and Marathon Petroleum. And Exxon

Mobile shares closing at an all-time high. For more on all these moves, in the latest in Iran, let's bring in

Pippa Stevens. Hey, Pippa. Hey, Melissa, well, oil did pull back from that three-month high

after President Trump said the Iranian government has no plans to execute protesters, which the oil

market is viewing as de-escalatory. But Rebecca Babin from CibC, private wealth, noting this looks

more like a pause and escalation rather than a resolution.

About a dollar of geopolitical premium has come out after the market built close to $6 over the last week,

meaning the market is not suddenly pricing in a peaceful resolution.

Now, some of that recent move is driven by short covering, while many believe the market is well supplied this year, especially since OPEC plus can raise output with the Iran uncertainty, as well

as ongoing disruptions from Russia and Ukraine, there seems to be a floor on the downside. Now,

city today hiking its near-term Brent forecast is $70, pointing to the growing risk premium,

but they do see these risk moderating in the back half of the year.

Mel?

When you're talking about a city estimate of like the 70, let's say Pippa, does that price in disruption in the straight of Hormuz as well?

I mean, what is that worst case scenario that analysts are pointing to?

So this is certainly not the worst case scenario.

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