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Measuring Momentum

Oil complex broadly bullish but momentum softening; expect consolidation with upside bias, key supports holding and targets slightly higher.
Published: March 31, 2026
Written by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
,
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
Reviewed by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
9 page report
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Brent crude futures remain extremely strong, with prices the strongest since 2022. M1 rose from a weekly low of $97.13/bbl on 25 Mar to $116.84/bbl on 30 Mar, to $113.30/bbl on 31 Mar at the time of writing.

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