Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. Over the past week, we saw CTA net positioning briefly flip positive, increasing from -31.7k lots on 10 Feb up to 0.1k lots on 12 Feb, however, positioning fell back down to -17.4k lots by 17 Feb. We saw the most bearish positioning in Brent and WTI crude futures this week, sitting at -13.4k lots and -13.3k lots, respectively, as of 17 Feb. Heating oil remained highest on the model with the most bullish positioning fo 9.5k lots on 12 Feb, tapering off to 7.86k lots on 17 Feb. ICE gasoil moved from -3.8k lots to 2.5k lots amid bullish sentiment this week. RBOB positioning was at -3k lots on 10 Feb and briefly touched above flat on 12 Feb, hitting 1.8k lots, but declined to -1k by 17 Feb. Nevertheless, RBOB remains much higher than its monthly low of -11.4k lots on 03 Feb.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
