Oil analysis update Brent Crude FuturesICEEUR_DLY:BRN1!mohammad_kazemiWe have an oil update: 🛢️📈 According to the analysis we reposted on June 21, we expected to see increased demand for oil around the $75 mark, as well as increased tensions in the region. 🌍💥 After a month until now, everything has gone exactly according to the analysis, but we expect volatility in the $90 to $100 range due to the price hitting the uptrend line and a downward trigger. 📉📊 As a result, the regional atmosphere might be calm for about one or two weeks; any medium-term growth requires breaking the downward trigger, in which case the next targets will be $150 to $170, and we will also see a significant increase in the intensity of tensions. 🔥🚀 From a geopolitical perspective, just as I previously mentioned the Bab el-Mandeb strait, this topic alongside: - The closure of the Strait of Hormuz 🚫🌊 - Attacks on oil facilities in Persian Gulf countries ⚡🛢️ - Reduction of strategic reserves in oil-dependent countries 📉⛽ All of these are very good drivers for further growth of this asset. 💰📈