Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. This past week continued to see net positioning grow shorter in crude and oil products. Brent futures saw net positioning decline by 106% w.w to -45.6mb on 09 Sep, while net positioning in WTI futures declined by 124% to 38.4mb on 09 Sep – the lowest net positioning has been for the benchmark crude futures YTD. Gasoil and heating oil saw net positioning decline all week as well, coming off by 41% w/w to 41.4mb and 39.4mb, respectively. Finally, RBOB continues to see the most short interest among the products, falling by 34% w/w to 44.2mb on 09 Sep.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
