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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✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🌐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)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.