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Breaking that $90 curse

CTAs are building at a quick pace, with net positioning in Brent futures flipping positive....
Published: August 18, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
,
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
and
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
9 page report
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The M1 Brent futures saw better support over the week, breaking above the $90/bbl handle. On the upside, prices will look to fill the gap from 24 and 27 July, between $93.30/bbl and $95.15/bbl. Further resistance comes from the all-important $100/bbl psychological level, and the 23 Jul high of $102/bbl.....

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Our reports are now part of The Officials, and available exclusively on the Flux platform. Existing customers can Login to Flux to access them, or you can visit The Officials to sign up for free trial access.

Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

Martha Dowding

Research Associate, Flux
Martha Dowding

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

About Technical Analysis Report

A weekly premium report comprising movements in price action across key swaps and futures contracts

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