Price just can’t catch a break.
We’ve got a broken uptrend, a clear inverse cup and handle, and price trading below both the 20MA and 200MA – the classic “sell the rallies” setup.
As long as we stay under that red downtrend line, the bias is simple: down.
Target sits around $54.68, with momentum showing weakness across the board.
And yeah… we’ll still pay high fuel prices 😒
💸 Fundamental Reasons for Downside
🪓 Demand Destruction:
Global growth is slowing — less demand for oil from major economies. Probably due to an increase in demand for EV or other alternative energy vehicles in the making?
🇨🇳 China Concerns:
China’s recovery keeps disappointing, cutting one of oil’s biggest demand sources.
🪙 Strong USD:
A stronger dollar makes oil more expensive globally, reducing demand.
🛢️ OPEC Uncertainty:
Mixed signals and production inconsistencies are shaking investor confidence.
🏦 Interest Rates Bite:
High rates are squeezing industrial output and travel – both oil consumers.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
We’ve got a broken uptrend, a clear inverse cup and handle, and price trading below both the 20MA and 200MA – the classic “sell the rallies” setup.
As long as we stay under that red downtrend line, the bias is simple: down.
Target sits around $54.68, with momentum showing weakness across the board.
And yeah… we’ll still pay high fuel prices 😒
💸 Fundamental Reasons for Downside
🪓 Demand Destruction:
Global growth is slowing — less demand for oil from major economies. Probably due to an increase in demand for EV or other alternative energy vehicles in the making?
🇨🇳 China Concerns:
China’s recovery keeps disappointing, cutting one of oil’s biggest demand sources.
🪙 Strong USD:
A stronger dollar makes oil more expensive globally, reducing demand.
🛢️ OPEC Uncertainty:
Mixed signals and production inconsistencies are shaking investor confidence.
🏦 Interest Rates Bite:
High rates are squeezing industrial output and travel – both oil consumers.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
🌐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)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🌐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)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.