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Bearish Retreat

Brent futures retreats into Ichimoku cloud; Brent spreads sees steady bearish momentum; RBOB cracks correct from overbought
Published: May 26, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
9 page report
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M1 Brent futures opened significantly lower this week, below $100/bbl on increased peace deal optimism, with prices trading at 3-month lows.

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