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Supported Territory

Front-month Brent tested key $60/bbl support, rebounded sharply, and now faces trendline and moving-average resistance overhead.
Published: 6 January 2026
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The M1 Brent futures contract ground lower throughout the beginning of last week, printing three consecutive lower closes between 30 Dec and 02 Jan. Prices tested the extremely critical $60/bbl psychological support level on 02 Jan before bouncing off to reach a high of $61.89/bbl on 05 Jan.

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