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Flying too close to the Sun?

This week, M1 Brent futures tested, but failed, to break past the 14 Jan intraday high, as prices have fallen below the 200-day.....
Published: January 27, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
,
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
9 page report
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This week, M1 Brent futures tested, but failed, to break past the 14 Jan intraday high, as prices have fallen below the 200-day moving average after opening on 27 Jan. The structural 200-day moving average at $65.68/bbl is acting as firm resistance, followed by the 14 Jan intraday high of $66.82/bbl....

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