Title : GC1! H4 | Potential for bullish continuation!
Type : continuation
Resistance : 101.2
Support : 1904.5
Preferred case: Prices have been on momentum. We see the potential for further consolidation from our at 91.06 in line with 50% towards our 1st resistance at 101.2 in line with 200% and 200% . Our bias is further supported prices trading above our support.
Fundamentals: The invasion of Ukraine by Russian forces has and will continue to keep oil prices elevated amid overarching supply constraints.