Brent Crude and its BEARISH outlook - Still no cheaper petrol!Brent CrudeTRADENATIONSB:BRENTTimonrossoBrent 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.