Please note that there will be a hiatus in the publication of reports between 22nd December and 2nd January due to the Christmas period. Reports will be published as normal from Monday 5th January 2026.
The European and Asian naphtha markets saw diverging fortunes as the M1 East/West reached highs of $40/mt last week. Eastern strength was driven by a combination of softer crude, MOPJ MOC buying, and propane strength. Given the continued narrowing of
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Gasoline and Naphtha. Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on
The gasoline complex has reversed sentiment from its recovery last week, showing a weaker performance. This weakness has coincided with a 4.52mb (+2.2% w/w) build in US gasoline inventories for the week ending 28 November; current stock levels are on
The Feb’26 Brent futures contract has traded relatively rangebound this afternoon, between the $62.80/bbl and $63.00/bbl handles. Levels are at $62.81/bbl at 17:00 GMT (time of writing). In the news, Reuters reported that Iraq has halted all oil production at
View: Bearish Target Price: $61-63/bb Critical Resistance Ahead The M1 Brent futures contract remains rangebound between $62 and $63/bbl, with a strong resistance level at the 50-day moving average (blue line on the chart below). Despite the bullish optics of
The Feb’26 Brent futures contract has eased this morning, from $63.93/bbl at 07:30 GMT to $63.25/bbl at 10:00 GMT (time of writing). In the news, Platts has announced that, beginning 15 December for cargoes and 02 January for barges, any
Money managers trimmed length in gasoil futures for the second consecutive week, as long positions fell by nearly 18mb (-13%). Short positions also declined slightly by 3%, indicating a risk-off week. As a result, the long:short ratio fell from 2.41:1.00
The Feb’26 Brent futures contract failed to maintain strength above the $64.00/bbl handle this afternoon, easing from $64.08/bbl at 15:30 GMT to $63.60/bbl at 16:30 GMT (time of writing). In the news, local Russian emergency centres have reported a fire
The Feb’26 Brent futures contract closed above the $63/bbl handle on 04 Dec, where it continues to stand. We saw resistance at $63.40/bbl at 09:30 GMT this morning, with subsequent support at $63.10/bbl at 10:20 GMT.
M1 Brent futures fell into yet another lull, with the 50-day moving average still acting like a brick wall for more than two months now. On the products side, CTA net positioning in ICE gasoil and CME heating oil has
The Feb’26 Brent futures contract rose this afternoon, from $62.57/bbl at 14:40 GMT to $63.50/bbl at 16:50 GMT. In the news, the Trump administration has approved transactions with Lukoil gas stations outside Russia, issuing a narrow waiver to the sanctions
The Feb’26 Brent futures contract remains highly rangebound. Price action continues to encounter resistance above the $63/bbl threshold, although support is seen at $62.75/bbl. At the time of writing at 10:00 GMT, the contract stands at $62.85/bbl…
In the week ending 02 Dec, M1 Brent futures saw almost no net change. The contract closed at $62.50/bbl on 25 Nov, reached $63.75/bbl on 01 Dec, and fell to close at $62.45/bbl on 02 Dec as volatility stagnated, and
The international propane market has held up w/w, although price action was shakier at the beginning of December. The Jan’26 Mont Belvieu TET propane swap contract (C3 LST) initially weakened to a low of 63.825c/gal on 25 Nov
The Feb’26 Brent futures contract initially rose from $62.77/bbl at 14:10 GMT to $63.29/bbl at 16:00 GMT, before falling to $62.68/bbl at 17:00 GMT (time of writing). In the news, Reuters has reported that remote-controlled Ukrainian explosives have struck the
