Oil Price at $103 Meets a Bearish Brent Pattern, Is a Ceasefire Being Priced In?

What: Brent crude futures are trading near $103 at press time.
Why: The rally's intensity is meeting a bearish pattern, potentially signaling a reversal.
Signal: A ceasefire in the Iran-US conflict could be being priced in, but its impact is uncertain.
Target: Investors are looking for a potential pullback to $90-$95, a level that could attract buyers.
Risk: A failure to hold at $103 could lead to a sharp decline, exposing investors to significant losses.