Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. In the week ending 10 Jan, total CTA net positioning climbed into positive levels for the first time since July 2024, although RBOB futures continue to be net short (despite rising 21% w/w to -11k lots). Brent and WTI futures witnessed a 314% and 1694% rise w/w to 8.3k lots and 11k lots, respectively. The middle distillates complex has seen exemplary changes this week, with gasoil and heating oil noting their net CTA length climb 357% and 208% w/w to 3.7k lots and 10.4k lots, respectively- with the latter perhaps also seeing support from the significant drop in temperatures in Eastern and Southern USA.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
