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Stuck Between a Shock and a Hard Place 

Oil complex broadly bullish but momentum is fading; key resistance ahead, pullback risks rising.
Published: April 7, 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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Since the rollover into the new month, Brent has gained by $10 and is trading above $110/bbl in the morning of 07 April (time of writing).

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