Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. CTA positions significantly dropped in the week ending 30 June. We saw a -139% change in Brent futures as it returned to negative levels on 27 Jun, for the first time since 12 Jun. WTI futures also has negative net positioning as it dropped to -4.9k lots on 30 Jun, from +18.5k lots on 23 Jun. In refined products, RBOB futures’ net position moved into negatives as seen in crude as it fell from +20k lots on 23 Jun to -2.18k lots on 30 Jun. In distillates fuel oil, ICE LS gasoil and NYMEX heating oil fell by 6.9k lots and 6.6k lots, respectively.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
