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.
