Brent Crude Analysis – Bearish Outlook 🛢️📉
Technically, Brent Crude has formed an inverse cup and handle pattern while staying below both the 20-day and 200-day moving averages — confirming continued downside momentum. The previous uptrend has broken, and price action remains trapped under a persistent downtrend line, pointing to a potential move toward $54.68.
Fundamental reasons for downside:
🛢️ Rising global supply: Increased production from OPEC+ and U.S. shale is weighing on prices.
🌍 Weak demand outlook: Slower global growth and reduced industrial activity are cutting fuel demand.
💵 Strong USD: A firmer dollar makes oil more expensive for other countries, reducing buying pressure.
⚙️ Geopolitical uncertainty: Shifts in Middle East output expectations are adding bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Technically, Brent Crude has formed an inverse cup and handle pattern while staying below both the 20-day and 200-day moving averages — confirming continued downside momentum. The previous uptrend has broken, and price action remains trapped under a persistent downtrend line, pointing to a potential move toward $54.68.
Fundamental reasons for downside:
🛢️ Rising global supply: Increased production from OPEC+ and U.S. shale is weighing on prices.
🌍 Weak demand outlook: Slower global growth and reduced industrial activity are cutting fuel demand.
💵 Strong USD: A firmer dollar makes oil more expensive for other countries, reducing buying pressure.
⚙️ Geopolitical uncertainty: Shifts in Middle East output expectations are adding bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Timon Rossolimos
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(Pro trader since 2003)
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.