Flux Markets | Energy Positioning Report – 24 March 2026 Skip to main content

Energy Positioning Report – 24 March 2026

ICE Brent remains in overextended territory, ICE Gasoil, NYMEX WTI, and NYMEX RBOB all fell and are all outside overextend levels
Published: March 24, 2026
Written by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
Reviewed by:
Harinder Sandhu

Harinder Sandhu

Quantitative Research Associate, Flux
Harinder Sandhu
9 page report
Share

This report aims to provide a position index for energy futures between -50 and 50, with 0 as the neutral position. The full methodology is at the back of the report. When the position index is at the extremes, above 40 or below -40, the market is overstretched relative to its average position in the previous 3-year rolling window. As such, it is ripe for mean reversion. Consequently, when the index is high, deleveraging will follow, having a negative impact on price, while when the index is low, we expect accumulation that will push the price higher.

About Energy Positioning Report

A free weekly report detailing the extent of over-positioning in key oil futures contracts

More News

Brent Rises to $104.22/bbl

Brent rises on refinery outage, geopolitics; Saudi exports surge, Philippines declares emergency, spreads remain strong.
4 page report

Return of the Refineries

Dated is certainly enjoying a resurgence in demand, with refiners coming out from maintenance, looking to take advantage of stronger...

Better Safe Than Sorry

Brent/Dubai weak front, spreads firm on geopolitics; volatility easing as hedging flows rise and producers ease selling activity.