Reports will not be published on Friday 18 April or Monday 21 April due to Bank Holidays in the UK.
The only exception is the Overnight & Singapore Window report, which will be published as usual on Monday 21 April.
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
The Aug Brent Futures flat price has had a mixed morning, falling from $83.25/bbl at 07:20 BST down to $82.95/bbl by 09:10 before it rallied up to the morning’s high of $83.50/bbl at 09:50 BST. Following this it has softened
Over the past 2 weeks we have seen downward pressure on the 0.5 E/W with news from the East that there was little demand after tenders issued by Al Zour refinery in Kuwait. However…
The Aug Brent Futures flat price has had a weak afternoon, falling steadily from $84.50/bbl at 12:00 BST to $83.80/bbl at 14:50 BST.
The Aug Brent futures flat price has had a reasonably quiet morning trading in a very tight range around $84.30/bbl. It has since seen a minor uptick to $84.65/bbl, where it is currently trading as of 11:00 BST.
Long 0.5% Sing Jun/Jul There has been tepid demand for LSFO at the moment and with Al Zour refinery issuing tenders at the beginning of May there has been a good supply. But we expect that to correct a little
It seems like the North Sea crude market has begun to gasp for air after drowning in a very weak May.
The Aug Brent flat price saw a positive afternoon starting from $83.00/bbl and rallying up to $84.80/bbl as at 16:40 BST.
The Jul EBOB crack started the fortnight strong but softened quickly and retraced below $18/bbl on May 22 where it found support albeit only shifting to trade around a range of $18-18.30/bbl.
With another week comes another selection of trade ideas from Onyx Research. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on Onyx Commitment of Traders (COT) and Flux Financials data.
The Aug Brent futures flat price has had a fairly flat morning, trading in a narrow range between $82.75/bbl and $83.15/bbl.
Short Jun 0.5 Euro crack European 0.5 Barges has been very weak recently due to tepid demand alongside Europe ample stock piles. We have seen a slight pull back in Euro 0.5 Euro which is now entering the overbought zone
Technical indicators indicate an RSI that has lifted out of oversold territory for Brent, ICE gasoil and RBOB gasoline futures although other indicators flag short-term bearish momentum
For the week to May 21, we saw differing positions adopted by money managers and prod/merc players across the two benchmarks.
The Aug Brent futures flat price primarily traded around $82.10/bbl all morning although it ultimately climbed to $82.35/bbl as of 11:15 BST.
