Mita Chaturvedi
Research Associate, Flux
Critical Support in Brent Futures Ahead
Brent pulled back after a breakout, holding key technical support. Momentum stays bullish but crowded, pointing to limited near-term upside.
This week, the M1 Brent futures broke the $70.00/bbl psychological level, initially climbing from $65.00/bbl on 27 Jan to the week’s high of $71.79/bbl on 29 Jan.
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