Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. The week ending 06 Jan saw an increase in net positioning with a rise in bullish sentiment. Net positioning for the total collection of futures climbed from -59k on 9 Dec, flipping positive to 5k by 06 Jan. We have seen that total net positioning has been increasing steadily since the start of December, recorded at -106k on 03 Dec. This week, we saw significant strength across the futures contracts, with WTI seeing a particularly high increase w/w from -10k to 5.6k while Brent followed close behind, increasing from -12k to 1.6k. RBOB futures remained the lowest on the positioning model, moving up from -24k on 31 Dec to -12k by 06 Jan.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
