BRENT : Will oil hit $100
Price currently on pullback with no supply bar confirm with volume..
Im expecting price might continue moving higher base on the current set up..
President Biden believes there is still a high risk for a Russian invasion of the Ukraine and that will be the primary catalyst for risk appetite.
Oil prices are on sale today and whatever weakness is happening will likely be short-lived. Geopolitical tensions should be bullish drivers for crude prices and the risk of USD 100 oil is still very high over the short-term if Russia invades Ukraine.
Im expecting price might continue moving higher base on the current set up..
President Biden believes there is still a high risk for a Russian invasion of the Ukraine and that will be the primary catalyst for risk appetite.
Oil prices are on sale today and whatever weakness is happening will likely be short-lived. Geopolitical tensions should be bullish drivers for crude prices and the risk of USD 100 oil is still very high over the short-term if Russia invades Ukraine.
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