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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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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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