TECHNICAL ANALYSIS REPORT
A weekly premium report comprising movements in price action across key swaps and futures contracts
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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.
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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.
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Bearish Retreat
Brent futures retreats into Ichimoku cloud; Brent spreads sees steady bearish momentum; RBOB cracks correct from overbought
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Fading Strength
Brent and refined product markets remain broadly rangebound with fading trend strength and compressing momentum
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Sorting Support
Brent balanced near $100, cracks firm, gasoline E/W bearish, while momentum signals rising indecision.
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Market Top
Brent bullish at $110, spreads steady, cracks consolidating, gasoline weak; momentum signals diverge, caution on reversals.
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Signalling Caution
Brent strong but near resistance; spreads rally yet stalling; cracks diverge with consolidation and easing momentum overall.
9 page report
Fading Momentum
Brent flat price and spreads entering rangebound regime; persistent bullish momentum in RBOB futures; 3.5% barge crack hit inflection point
9 page report