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Signalling Caution

Brent strong but near resistance; spreads rally yet stalling; cracks diverge with consolidation and easing momentum overall.
Published: April 28, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
9 page report
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M1 Brent futures strengthened this week, from a low of around $101.15/bbl on 21 Apr to $109.45/bbl at the time of writing on 28 Apr, after meeting intraday resistance at the psychological level and 78.6% retracement level at $110.00/bbl on 27 Apr...

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