Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. In the week ending 13 Jun, we saw an overall 103% increase in CTA net length across the futures benchmarks. More granularly, WTI futures recorded a significant 135% increase from -15k lots to +5.6k lots this week, while Brent futures clocked a 92% increase to -1.8k lots. In refined products, RBOB futures recorded a 125% increase as CTAs offloaded their shorts, taking net long positioning up to 2.25k lots on 13 Jun. In distillate fuel oil, ICE LS gasoil and NYMEX heating oil witnessed a 95% and 83% increase w/w, respectively, to -670 lots and -2.7k lots.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
