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To resistance and beyond

CTA net long positioning in Brent futures has risen from -7.5k lots on 07 Aug to -1.7k lots on 11 Aug, with ample room on the buy-side....
Published: August 11, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
,
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
9 page report
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The M1 Brent futures saw better support w/w, rising to nearly $90/bbl at the time of writing. The $90/bbl handle will remain key resistance for us to monitor, psychologically and because it dovetails with the Ichimoku cloud's upper span. Longer-term resistance stands at $95/bbl, in line with where we see the upper Bollinger band.....

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Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Donna Dong

Research Analyst, Flux
Donna Dong

Vincent Wu

Research Associate, Flux
Vincent Wu

About Technical Analysis Report

A weekly premium report comprising movements in price action across key swaps and futures contracts

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