TECHNICAL ANALYSIS REPORT
A weekly premium report comprising movements in price action across key swaps and futures contracts
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Please note that the Technical Analysis Report has now been discontinued. The last edition is published on 25th August 2026.
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Latest
Consolidation in Brent futures and RBOB crack; M1 gasoline East/West testing all-time lows
9 page report
Breaking that $90 curse
CTAs are building at a quick pace, with net positioning in Brent futures flipping positive....
9 page report
To resistance and beyond
CTA net long positioning in Brent futures has risen from -7.5k lots on 07 Aug to -1.7k lots on 11 Aug, with ample room on the buy-side....
9 page report
Fickle Markets
Brent approaches dovetailing moving averages, RBOB crack momentum increasingly negative
9 page report
Pricing For Peace
Brent surged to $102 before reversing sharply. Resistance sits near $100, while key support lies at $80, followed by $70.
9 page report
Testing Resistance
Brent, cracks and Brent spreads remain bullish but face key resistance, while E/W gasoline rebounds and 3.5% barge stays rangebound.
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Reversals (almost) all around!
Bullish strength and momentum in all but RBOB
9 page report
Bullish Cracks
Bearish crude momentum is fading as product cracks strengthen, with gasoline and gasoil leading while 92 East/West weakens.
9 page report
Brent Under Pressure, Cracks Diverge
Brent targets $70 while product cracks diverge, with RBOB and gasoil outperforming.
9 page report
Downside Grind
Brent, spreads, gasoil & fuel oil bearish toward key supports; RBOB crack stays relatively strong despite fading momentum.
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Dialling down on Momentum
The RSI has also fallen in line with prices but remains above 30 (oversold territory), suggesting further room for downside price action....
9 page report
Re-Evaluation
Brent stays rangebound near $93, with $100 resistance above and key technical support around $90-$87 below.
9 page report
Slow Motion
Brent, spreads and cracks stay mostly bearish; support levels under pressure as momentum softens. Downside favoured, except gasoline E/W.
9 page report