|   Flux Terminal Demo
Main Menu
Main Menu
Main Menu

Reports

Brent Forecast: 24th June 2024

June 24, 2024

Too close to the sun? The prompt Brent futures flat price contract recorded great strength last week. The contract began the week at $84.25/bbl and rallied past the $86/bbl handle on 21 June – where it met resistance. We now see the contract hovering around $85.30/bbl at 08:30 BST (time of writing), although we anticipate short-term bearishness to take the benchmark crude futures to $83-85/bbl by Friday.  This expectation emerges out of three key factors:

ICE CFTC Weekly: Make Money Managers Bullish Again

June 24, 2024

Bullish money managers returned to Brent futures in the week to 18 June on greater optimism for summer oil demand, while shorts continued to cover their positions. Longs increased w-o-w for the first time in seven weeks, by 41.2mb (+20.7%). On the other hand, short positions declined for the second consecutive week, by 32.7mb (-25%).

Daily Trade Idea: 24/06/2024

June 24, 2024

Short July Arb At these levels we anticipate some physical sell side interest on the front arb, with arb opportunities becoming more favourable.  For brokerage services across the barrel and to receive our weekly trade ideas: insight@onyxcapitaladvisory.com

European Window: Brent Hits $86/bbl

June 21, 2024

The August Brent Futures flat price has seen its price exceed $86/bbl for the first time since the end of April this afternoon, however, it subsequently settled back into an $85/bbl handle.

Brent Review: 17th June 2024

June 21, 2024

TARGET PRICE: $82/bbl – $84/bbl PRICE: $85/bbl Is Summer Demand Finally Here? The crude oil futures market is on track for its second consecutive weekly gain on signs of better demand as Brent futures rallied to seven-week highs. We initially

Overnight & Singapore Window: Brent Rallies to $85.70/bbl

June 21, 2024

The Aug Brent futures flat price reached $85.75/bbl at 07:20 BST, following which the contract dived to $85.35/bbl at 09:35 BST. The futures contract again rallied to $85.75/bbl at 11:20 BST but has since eased to $85.60/bbl at 11:10 BST (time of writing). EIA data for the week to June 14 showed that total product supplied, which tends to be a proxy for the country’s total oil demand…

The Officials: Hey, do you want a piece of me?

June 20, 2024

In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.

TMNs: One Long Day in Brent

June 20, 2024

June 19 was an eventful day for several reasons, including Just Stop Oil turning Stonehenge orange, Albania recording this Euros’ fourth own goal, Justin Timberlake getting arrested by a young cop who failed to recognise him and, of course, the front-month Brent futures rallying to a seven-week high to $85.90/bbl.

CFTC Predictor: Have the Bulls Been Halted?

June 20, 2024

In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s proprietary data.

Group
Main Menu
About us
Main Menu
Joining Onyx
Main Menu
Get in touch
Main Menu
95 Cromwell Road, Second Floor London, SW7 4DL
Twitter Instagram Linkedin
Get in touch
Main Menu
95 Cromwell Road, Second Floor London, SW7 4DL
Linkedin-in

Cookie Policy

Privacy Policy

Disclaimer

Copyright © 2025 Flux News. All Rights Reserved.