Our team of skilled analysts, by utilising the depth and breadth of Flux's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.
The Oct’24 Brent futures contract significantly weakened this week, plummeting down from $81/bbl on 15 Aug to $77.20/bbl on 20 Aug before briefly selling off to the $75/bbl handle the following day. In line with this bearishness, Onyx’s weekly CFTC COT predictor anticipates a resurgence of bearishness to take over speculative sentiment in the week ending 20 Aug, with a predicted decline in money-managed net length in Brent futures, ICE LS gasoil futures and RBOB gasoline futures.
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Our team of skilled analysts, by utilising the depth and breadth of Flux's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.
