Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. CTA positioning in Brent futures dropped by 22% in the week ending 18 Jul, pushing positioning further into negatives, at -4.4k lots on 18 Jul, although this is a slight recovery from the day before. Positioning in WTI futures dropped into negatives this week, from +348 lots on 11 Jul, to -1.2k lots on 18 Jul. In refined fuel, ICE LS gasoil and NYMEX heating oil recorded an increase w/w, although RBOB futures recorded a small 9% increase; heating oil rose by over 11%, to +12.1k lots.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
