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Technical Update – Potential Bearish Catalyst in M1 Brent/Dubai

The rising wedge we highlighted at the start of February (white dashed lines on the chart) flipped from support to resistance...
Published: February 18, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

The rising wedge we highlighted at the start of February (white dashed lines on the chart) flipped from support to resistance at the end of last week, signalling a potential break lower.

Rising wedges signal incoming breakouts and are typically bearish. That said, for further direction, it will be critical to monitor flows around this level once liquidity returns post the Lunar New Year.

Open interest is also above the 5-year max, leaving players vulnerable to a breakout in either direction. Should we see a bearish breakout, longs (who are still, on average, in the money) may seek to exit positions.

Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

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