Alert! World oil prices threatened by 30% landslide, a danger signal for investors?

Jakarta, Pintu News – Jakarta, Pintu News – The world commodities market is at a crucial crossroads after the price of Brent crude oil bounced 5% from its low of $90.29 or around Rp1,546,577. Although it looks firm on the surface, analysts warn of an inverted cup-and-handle pattern that signals a potential major correction in the near future. You should note that the recent price gains have not been supported by strong trading volumes, which is often a sign that the rally is temporary.

Bearish Pattern Lurks Amid Declining Market Participation

Brent oil prices are currently trading at around $94.92 or equivalent to Rp1,625,884, but data shows that investor participation continues to fall sharply. Trading volume and open interest (OI) falling by 30% is a strong indicator that institutional capital is leaving the crude oil futures market. This phenomenon creates grave doubts as to whether the price rise of cryptocurrencies and other commodities can go hand in hand if the key energy sector is experiencing structural weakness.

Current market conditions are also complicated by BNO options data which shows that traders are buying calls only as conflict insurance, not out of genuine bullish conviction. The risk of an escalation of the Iranian blockade is the main reason market participants are hedging against sudden price spikes. Here are some important technical data to keep an eye on:

• Total Open Interest fell from 700,000 to 491,810 contracts.
• The Put-Call volume ratio was at a low of 0.13.
• Implied Volatility (IV) remains high at 72.80%.

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Critical levels that determine the future of oil prices

Analysts chart that the future of oil prices will largely depend on its ability to stay above certain psychological support levels to avoid a deeper fall. If Brent prices fall below $92.81 or around Rp1,589,742, the bearish technical pattern structure will be fully confirmed. You need to be prepared for the worst-case scenario where the price could freefall towards the $65 zone or around Rp1,113,385 if theneckline level of the pattern breaks.

• First resistance (Fibonacci 0.236): $97.05 (Rp1,662,369)
• Target drop (Measured Move): $65.04 (IDR 1,114,070)
• Bearish trend invalidation level: $111.80 (Rp1,915,022)

Although cryptocurrency markets like Bitcoin (BTC) are showing strength, the correlation between energy commodities and global risk sentiment still cannot be ignored. Drastic drops in oil prices usually reflect expectations of a global economic slowdown, which could ultimately affect liquidity in the digital asset market. Keep your eyes peeled for a move below the $92.81 level that could be the trigger for the beginning of a massive sell-off wave in the global market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Ananda Banerjee/BeInCrypto. Oil Price Bounced From a War Low but 30% of Traders Already Left. Accessed April 17, 2026.