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Energy Positioning Report – 6 January 2025

A position index for energy futures
Published: January 6, 2026
9 page report
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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

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