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Signals and Sentiments

The M1 Brent futures contract briefly broke past $70/bbl on 11 Feb, where it met resistance and eased to a low of $66.90/bbl on 13 Feb.....
Published: February 17, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
9 page report
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The M1 Brent futures contract briefly broke past $70/bbl on 11 Feb, where it met resistance and eased to a low of $66.90/bbl on 13 Feb. This support aligned with the 20-day MA (Bollinger band mid-point), leaving prices oscillating between $67-68/bbl into this week and sitting at $68.10/bbl at the time of writing on 17 Feb.

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