Flux Markets | CTA positioning flat as RBOB hits extremes Skip to main content

CTA positioning flat as RBOB hits extremes

CTA net positioning was largely unchanged last week, with distillates still elevated and RBOB deeply short, nearing levels that often preced
Published: January 6, 2026
8 page report
Share

Looking at Flux Insight’s CTA positioning for the week ending 05 Jan, CTA net positioning saw little net change across all products. Middle distillates remain the highest out of the products, although heating oil is no longer higher than gasoil, with the values flush.

There are no clear patterns in the products with CTA positioning in the bottom half of the index. RBOB remains at the lowest net position, at -42k lots and is verging on a score below -45. For RBOB Futures, when the index is below -45, front-month prices revert up 60% of the time one week later, with an average gain of 1.36%.

Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.

About CFTC - Summary Positioning Report

A free weekly report covering aggregated positioning in swaps markets based on our market-making expertise

Related News

Brent strengthens as US and Iran exchange strikes for the first time in weeks

Brent rises above $91/bbl as the US and Iran trade strikes; US Treasury imposes secondary sanctions on Banque Misr's UAE branches

Summer of RBOB

Funds trim Brent futures length; speculators accelerate RBOB futures purchases; diverging CTA crude and gasoline positioning
13 page report

Brent Regains as QatarEnergy Extends Force Majeure

Brent recovers to $88.28 as Qatar extends LNG force majeure, Germany fills gas storage, Energean eyes BP's Egypt assets.