Brent Crude Futures Reclaim $106 Amid Conditional Bearish Scenario

Brent crude futures have risen to $106 as of April 2, marking a significant recovery. According to NS3.AI, the potential for a downside scenario remains contingent upon a daily close below the $81 neckline. This bearish outlook is linked to confirmation of RSI divergence, persistent bearish options positioning, and developments in the Strait of Hormuz disruption.