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Decoding the Brent Breakout

M1 Brent futures rallied this week, from closing at $60.48/bbl on 06 Jan to a low of around $59.80/bbl on 07 Jan before it rallied....
Published: January 13, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
,
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
Reviewed by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
9 page report
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M1 Brent futures rallied this week, from closing at $60.48/bbl on 06 Jan to a low of around $59.80/bbl on 07 Jan before it rallied to $64.00/bbl at the time of writing. This is testing the high from December. If the contract continues strengthening, it may be attractive to fill in the gap up from 06 Oct to around $65.30/bbl.....

Further contracts mentioned in the report below.

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