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Sideways Signals

Brent supported at $98 but upside capped. Momentum fading across the board. Cracks consolidating with a bearish lean. Vol still elevated.
Published: April 14, 2026
Written by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
,
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
Reviewed by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
9 page report
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M1 Brent gapped down to a low of $90.40/bbl on 08 Apr following the ceasefire news, but has since formed an uptrend. A high of $103.50/bbl on 13 Apr was sold into, and the contract is seeing resistance at $98.00/bbl at the time of writing on 14 Apr.

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