Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks in a timelier fashion relative to the official COT data. In crude futures, Brent and WTI futures recorded a 180% and 227% decline w/w to -35k lots and -32k lots, respectively. Interestingly, net length had dropped to -37k lots and -34k lots in Brent and WTI, respectively, on 9 Apr, highlighting more support mid-week despite the overall w/w decline. In refined products, gasoil and heating oil futures fell by 138% and 116%, respectively this week to -33k lots and -23k lots. Finally, RBOB futures saw a 180% decline w/w from +3.7k lots on 7 Apr to -13.4k lots on 11 Apr.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
