Martha Dowding
Research Associate, Flux
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Pricing For Peace
Brent surged to $102 before reversing sharply. Resistance sits near $100, while key support lies at $80, followed by $70.
The M1 Brent futures contract initially gained from $87.88/bbl on 21 Jul to $102/bbl on 23 Jul, before falling swiftly to $85.77/bbl as of the time of writing on 28 Jul. On the upside, resistance may be found at the 8-day moving average (yellow line), in line with the pressure seen on 27 Jul. Above this level, the critical $100/bbl psychological level remains, which aligns with....
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About Technical Analysis Report
A weekly premium report comprising movements in price action across key swaps and futures contracts
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