TMNs: Markets of No Confidence
May 23, 2024
Brent futures flat price has recently been on a 10 Downing Street-esque spiral, with its previous gains barely outlasting a lettuce.
Reports
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Report Schedule Update
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.
Brent Back to Mid $82/bbl Handles
May 23, 2024
The July Brent futures flat price has rallied significantly this morning following a weak overnight period.
CFTC Predictor: Bull…ish?
May 23, 2024
In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s
Daily Trade Idea: 23/05/2024
May 23, 2024
Short Jun 380 E/W It looks like the tide has turned. According to Onyx CoT it indicates that Jun is now overbought, with RSI at 93. As reported Tuesday, it has been on a steady rise, from $21 up to
Brent Dipping Into $81/bbl Handles
May 22, 2024
The July Brent futures flat price has had a fairly unsettled afternoon, initially falling from $82.50/bbl at 12:00 BST to $81.70/bbl by 14:40 BST, before rising to the afternoon’s high of $82.55/bbl at 16:10 BST.
LPG Report: Journey to the Far East
May 22, 2024
The story in propane has been dominated by the Panama Canal story and limited US exports, leading to strength in internationals.
Daily Trade Idea: 22/05/2024
May 22, 2024
There has been tepid demand of Sing 0.5% along with Al Zour refinery in Kuwait releasing tenders in April and May for VLSFO meaning there is ample supply. However 380 seems to be a tighter supply at the moment, with
Brent Drifting In and Out of $82/bbl Handles
May 21, 2024
The July Brent futures flat price has had a mixed afternoon, initially falling from $82.50/bbl to the afternoon’s low of $82.10/bbl between 12:25 BST and 13:25 BST. Subsequently, Brent rallied to $83.30/bbl by 16:10 BST, before retracing down back into
Dubai Market Report – Dubai Bling
May 21, 2024
Dubai Bling – Two weeks ago, the prompt Brent/Dubai appeared to be hitting a bottom at -14c/bbl with players anticipating a recovery upwards in the near term.
Supplementary Report: Up-Dated? More Like Down Dated
May 21, 2024
The Dated market has been inundated with weakness. The volatility that we have been seeing in the physical diff has continued and the phys diff reached lows of almost -$1/bbl on May 14.
Naphtha Report: Woke Up From A Nap(htha)
May 21, 2024
The naphtha complex has experienced an extremely mixed past fortnight, showing major signs of weakness in the first week before seeing a major influx of strength in the second week, with the prompt MOPJ spread rising from lows of $5.70/mt
Brent Down In $82/bbl Handles
May 21, 2024
The July Brent futures flat price has had a very shaky morning, sitting at $83.30/bbl around 05:00 BST, before bouncing rapidly between $83.30/bbl handles and $82.80/bbl handles.
Harry Blotter and the Prisoner of Alphaban
May 21, 2024
With another week comes another selection of trade ideas from Onyx Research. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on Onyx Commitment of Traders (COT) and Flux Financials data.
Daily Trade Idea: 21/05/2024
May 21, 2024
For Brokerage services across the barrel and to receive our weekly trade ideas, contact insight@onyxcapitaladvisory.com
Brent Back to Mid $83/bbl Handles
May 20, 2024
The July Brent futures flat price has had a volatile afternoon, initially falling from $83.85/bbl at 12:00 BST down to the afternoon’s low of $83.25/bbl at 14:05 BST, before rallying aggressively to a daily high of $84.45/bbl at 15:05 BST.