Looking at Flux Insight’s CTA positioning, Brent reached highs of 3.6k lots on 29 Sep before Brent positioning flipped short the following day, falling by nearly 30k lots to -26k lots on 6 Oct. From an index position, in middle distillates, positioning remained in the overbought territory for most of the week ending 30 Sep but trended downward, albeit by a much slower rate than crude. ICE gasoil reached 15k lots on 29 Sep before reversing to -3.9k lots on 6 Oct; Heating Oil peaked at 11.8k lots on 29 Sep and reversed to -5.5k lots on 6 Oct. RBOB futures were pressured with positioning remaining the most bearish, falling to -32.2k lots, nearing oversold territory from an index perspective.
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