Brent Crude Oil was supported in the $16

Strongly bearish trend caused mainly by fundamental news between the disputes between Russia and Saudi Arabia caused the price of WTI to plummet and spread to Brent. The future of the WTI with maturity in May was trading negative for the first time in history, reaching -40.32 USD/barrel. Brent's futures contracts were not affected since the liquidation of the same is not done physically, therefore we can protect ourselves from trading negative. You can take long-term long positions at these prices or wait in case you are able to retest the $9.50 support.