As per NATO forces and US administration, the partial retrieve of Russian troops away from Ukrainian borders still not yet completed. They are watching carefully the existence of Russian troops as well as cyber attacks on Ukrainian governmental sectors. This impact the pricing of oil and gas at higher levels within gradual uptrend as traders are watching too and will process their deals with patience due to their high uncertainty. I think the price will rebound at $93.xx level and continue going up if the real time state will not change in the next 48 hours. I believe Russia will not go for war, but will keep their troops as long as they can to gain benefits from the gradual raise in oil and gas prices. Also, may be they will achieve some political gains. Putin will keep triggering the weapons and go through the game for some time.
Comment:
Bears took the price too much downwards. The processes entered the overselling zone on RSI indicator and its a matter of time to exist and traders start buying.