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Shooting for $70

Dated to the highest since September, and Brent futures flying too! 70 feels like the next realistic goal folks!
Published: January 28, 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, Flux
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, Flux
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, Flux
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, Flux
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 19
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Dated to the highest since September, and Brent futures flying too! 70 feels like the next realistic goal folks!

The market is hot! $68.50 was hit just after 14:00 GMT. Remember we were trading at $65.50 around lunchtime yesterday! 70 buck Brent feels so close! 3 bucks in a day puts the fear in the shorts – as one trader said, if you inverted the flat price chart, “who would buy a falling knife here?” Likewise, who would short the market when it looks so strong? Wait for the Iran fears to reach their crescendo as Trump warns time is running out to make a deal, then fade the price spike!

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