Brent crude is trending lower after forming a bearish “death cross” on its chart. Rising trade tensions and slowing global growth expectations are pressuring demand forecasts. RSI is still pointing up, suggesting some technical support, but overall sentiment is weakening.
Key Levels: Support at $65.53 | Resistance at $70.61
Investor Takeaway: Momentum is fading, and oil may drift lower unless new supply constraints or demand surges emerge. Consider rotating exposure toward energy names with stronger domestic fundamentals.
