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Critical Support in Brent Futures Ahead

Brent pulled back after a breakout, holding key technical support. Momentum stays bullish but crowded, pointing to limited near-term upside.
Published: February 3, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
,
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
9 page report
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This week, the M1 Brent futures broke the $70.00/bbl psychological level, initially climbing from $65.00/bbl on 27 Jan to the week’s high of $71.79/bbl on 29 Jan.

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