Oil is stubbornly heading for a retest Brent Crude Oil FuturesRUS:BR1!DoberInvestThere is one extremely interesting observation that is genuinely confusing in places. Pro Oil: 📉 Oil is stubbornly heading for a retest from above of its previously formed flag, leaving gaps behind, which is not very pleasant, we should expect oil to slide toward 106.5, right there is the zone of the repeated structure retest and by timing - it aligns with Trump's words about the 4-5th, where a conflict with Iran could potentially start and oil will rush upwards again, therefore we monitor this zone especially closely, and if we see a breakdown - it will quite likely start a move toward a lower zone in the form of a level and the 200 MA, which is 94-96. so oil looks interesting so far given what is happening and fits into the Fundamentals and will depend on the reaction of the US and Iran. I drew roughly what I expect, but the trendline is strong, breaking it on the first attempt is unlikely.