I did an analysis in January projecting Brent oil to rise (related ideas link) and now I see it as a time to drop, my first idea got no attention anyways so I doubt anyone will see this either. Enjoy.
There are 3 major factors kicking in for a long position.
1 - BIG support on an increased Inventory levels 3M higher than forecast
2 - Gap highing from 100 day MA, can see a pullback to it
3 - Corona getting controlled on China end, seen as a low % infection rate virus
Things to see in the near future:
OPEC cut decisions in March
USA Iran talks, USA China...
