Up-Dated Brent: Supplementary Report
May 7, 2024
After a prolonged bull play in the North Sea physical, Gunvor flipped to aggressively selling Midland and Forties cargoes into the new month
Reports
Industry-leading market insights. Get daily, weekly and monthly reports from Flux Research, featuring expert analysis and interactive graphs.
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.
Alpha Potter and the Philosopher’s Trade
May 7, 2024
With another week comes a fresh slew of trade ideas by 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
Brent Hovering Around $83/bbl
May 7, 2024
The July Brent Futures flat price had a rangebound start to the morning, ticking between $83.30/bbl and $83.60/bbl from 05:30 BST to 08:15 BST.
This Week’s Target Price: $82-84/bbl
May 7, 2024
The July Brent futures contract has now reached the $83.30/bbl handle, with bearish sentiment continuing to permeate into markets.
SLINGSHOT…ENGAGED
May 6, 2024
30 page report
SLINGSHOT…ENGAGED – April was met with a firm brick ceiling of selling, driven by a macro response to an untenable treasury situation as well as de-escalation of tensions that financial money sees very arbitrarily, i.e. either Max Long or get
CFTC Report: A Flip in Sentiment
May 6, 2024
For the week to Apr 30, we saw similar positions adopted by bullish money managers across the two benchmarks, whilst their bearish counterparts took opposing approaches.
Brent Lifted From $83/bbl
May 6, 2024
Jul Brent crude flat price was supported in the early morning from $83/bbl to $83.65/bbl at 11:30 BST (time of writing) with low volumes traded due to the UK Bank Holiday.
Futures Report: Bear Attack
May 6, 2024
Technical indicators showed the major futures contracts falling into oversold territory on the back of a waning geopolitical risk premium and poor sentiment out of the US which exacerbated the sell-off. Bollinger bands have widened, indicating a sustained increase in
Brent at $83.20/bbl Amid Mixed Flow
May 3, 2024
The July Brent Futures flat price has had a mixed afternoon. Between 12:00 BST and 13:30 BST it rose steadily to a high of $84.30/bbl before reversing this trend and declining to a low of $83.10/bbl at 15:45 BST.
Fuel Oil Report – A Glass Half Fuel…?
May 3, 2024
HSFO was well supported this fortnight until the sell-off in crude from Apr 30 onwards catalysed
overwhelming bearishness in the complex, with this slightly more pronounced in European grades.
Choppy Morning For Brent In $83/bbl Handles
May 3, 2024
The Brent futures flat price for the prompt contract has witnessed a weaker morning. Price action initially strengthened to reach a peak of $84.13/bbl at 08:25 BST. However, since then prices have witnessed a downtick to back beneath the $84/bbl
Brent Fending Off $82/bbl Handles
May 2, 2024
The July Brent Futures flat price has had a fairly volatile afternoon, rising to a high of $84.40/bbl at 13:05 BST, before sinking between 13:05 BST and 16:05 BST to a low of $83.10/bbl.
TMNs: Annnnnd It’s Gone!
May 2, 2024
Crude prices were humbled this week and came back to earth as traders discounted geopolitical risk whilst macroeconomic headwinds lingered.
Brent Sideways around $84/bbl
May 2, 2024
Following the significant retracement downwards yesterday, the prompt Brent futures contract has seen a steady morning, opening around high $83/bbl levels and gradually gaining to reach $84.39/bbl, before retracing to trade around $84.16/bbl at 10:00 BST.
CFTC Predictor: Products 1 Brent 0
May 2, 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.