Fundamentally all seems right for Brent to go to $100. Let us look at the technical side of analysis. We have the price in a rising channel, should the price remain in this channel we might see the $100 mark soon. Our date range is indicated by the two vertical line.
Commento:
Price here violated an uptrend line, no this can be only a retracement or contrarian traders might have step in to change the direction. Contrarian traders trade against general opinion.
Commento:
War in the Middle east, this dip below uptrend line might indicate a false breakout. If in a short trade manage your trade.