Flux Markets | Signals and Sentiments Skip to main content

Signals and Sentiments

The M1 Brent futures contract briefly broke past $70/bbl on 11 Feb, where it met resistance and eased to a low of $66.90/bbl on 13 Feb.....
Published: February 17, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
9 page report
Share

The M1 Brent futures contract briefly broke past $70/bbl on 11 Feb, where it met resistance and eased to a low of $66.90/bbl on 13 Feb. This support aligned with the 20-day MA (Bollinger band mid-point), leaving prices oscillating between $67-68/bbl into this week and sitting at $68.10/bbl at the time of writing on 17 Feb.

Premium Content

To continue reading this page, please login or find our about our subscription options.

Related News

Brent eases to low $96 handles

The front-month (Jun'26) Brent futures contract continues to face firm resistance at $100/bbl, as seen at 18:00 BST yesterday.....
4 page report

Money Managers Expected to Trim Longs

In line with this week's drop below $100/bbl, we anticipate a sharp liquidation of speculative net long positioning in Brent futures...
8 page report

Brent Falls to $97.92/bbl Post-Rally

Oil jumps on ceasefire news; IMF flags Asia risk; ARA stocks mixed, gasoil down; spreads widen as volatility persists.
4 page report

Brent eases below $96

The front-month (Jun'26) Brent futures contract climbed to a high of $96.80/bbl at 09:35 BST to $95.50/bbl at 12:15 BST, where it found....
4 page report