Brent Well-Supported in $83/bbl Handles
May 16, 2024
The July Brent future flat price has been well-supported this afternoon, initially rising from $82.60/bbl handles at 12:00 BST to $83.75/bbl by 14:35 BST.
Reports
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CFTC Predictor: Who Pressed Mute?
May 16, 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
Brent Back Below $83/bbl
May 16, 2024
The July Brent futures flat price has just ticked down this morning from a high of $83.25/bbl at 08:05 BST to $82.40/bbl handles at 10:55 BST, where it still currently resides as of 11:10 BST.
Brent Rallies After Flirting With $81/bbl
May 15, 2024
The July Brent futures flat price has had a rollercoaster of an afternoon, initially falling to $81.75/bbl as 12:50 BST, before shooting up rapidly to $82.40/bbl by 13:30 BST.
Brent Softening from High $82/bbl Handles
May 15, 2024
The July Brent futures flat price had a rangebound night and early morning, bouncing between $82.65/bbl and $83.00/bbl from 05:00 BST to 10:30 BST. Since then however, it has seen a fairly sharp downturn, falling around $0.50/bbl in 45 minutes
Daily Trade Idea: 15/05/2024
May 15, 2024
For Brokerage services across the barrel and to receive our weekly trade ideas, contact insight@onyxcapitaladvisory.com
Dated Diminuendo: Dated Brent Report
May 14, 2024
‘Strong Brent expiry to give bulls false hope’ or so the meme goes. Immediately following expiry, the North Sea market saw a dramatic capitulation as the physical turned offered.
Brent Weakens To Low $82/bbl Handles
May 14, 2024
The July Brent futures flat price has been struggling to garner support this afternoon, sliding down from its daily high of $83.55/bbl at 11:25 BST to its first low of $82.25/bbl at 14:20 BST.
Gasoline Report: No Arbs Before Marbs
May 14, 2024
EBOB cracks experienced a fairly weak fortnight, dropping marginally from $22.40/bbl on Apr 30 to $21.50/bbl come May 06, before the decline accelerated, leaving the contract lurking just above $19/bbl.
Brent Lingering In $83/bbl Handles
May 14, 2024
The July Brent futures flat price has experienced a morning of mixed price action. From a level of around $83.50/bbl at 06:00 BST, the price edged slowly down to its daily low of just over $83/bbl at 09:30 BST.
Daily Trade Idea: 14/05/2024
May 14, 2024
For Brokerage services across the barrel and to receive our weekly trade ideas, contact insight@onyxcapitaladvisory.com
Alpha Potter and the Chamber of Trades
May 14, 2024
With another week comes a fresh slew of trade ideas by 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
Brent Indecisive In $83/bbl Handles
May 13, 2024
The July Brent futures flat price has had a mixed afternoon, initially having a mini rally to $83.40/bbl by 13:40 BST before swiftly dipping to $83.15/bbl at 14:05 BST.
Futures Report: Oil – The Only Bear in Town?
May 13, 2024
Technical indicators indicated sideways price action in Brent and gasoil futures as the RSI moved out of oversold territory, with the lower Bollinger band providing a level of support. On the other hand, RBOB futures continued its downwards slide with
CFTC Report: Who Can Tame the Bears?
May 13, 2024
For the week to May 07, we saw strongly opposing positions adopted by prod/merc players across the two benchmarks, whilst money managers took similar approaches.
