Flux Insight’s CTA positioning model highlights net short CTA positioning across the futures benchmarks, except in RBOB, where net long positioning stood at +5.6k lots on 29 Aug. Meanwhile, Brent and WTI futures stood at -8.4k lots and -15k lots, respectively, on 29 Aug. Moreover, CTA net length in NYMEX heating oil and ICE gasoil stood at a muted -0.269k lots and -2.7k lots on 29 Aug, with net positioning in heating flipping from net long to short on 27 Aug. Finally, we caveat that while RBOB positioning remains above zero, normalising these levels shows that RBOB CTA positioning sits on the higher end of historical averages, with a z-score of +40 (between -50 and 50), which may encourage CTA sell-side interest.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
