Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
The front-month Brent futures contract weakened this afternoon, falling from $71.65/bbl at 12:00 BST to $69.60/bbl at 16:05 BST. While the contract has since recovered to $70.05/bbl at 17:10 BST (time of writing), we continue to see resistance at this
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
Jun’25 Brent futures gapped down this morning and continued to be under pressure. There were highs this morning of around $73.40/bbl at around 02.40 BST, and the contract had dropped below $71.65/bbl at 11.25 BST (time of writing). From 5
The Jun’25 Brent crude futures initially grinded lower on Wednesday afternoon but found support at $74/bbl and rebounded to $75/bbl by 17:30 BST (time of writing). Today’s low of $73.85/bbl aligned with the 50-day moving average, a level of support.
The Jun’25 Brent futures contract initially dipped this morning from around $74.50/bbl at 0730 BST down to a touch under $74.00/bbl at 0850 BST, however, has recovered marginally to $74.15/bbl at 1140 BST (time of writing). With Trump declaring April
M1 Brent futures continued its uptrend, climbing from a low of $72.50/bbl on 25 March to an intraday high of over $75.25/bbl on 01 April, breaking and closing above the 100-day moving average. Maintaining a price above $75.00/bbl has proven
At the time of our last report on 18 Mar, strength in the physical market we saw at the start of March had started to decline, with the Dated physical differential falling about 40c down to $0.45/bbl from 05-20 Mar.
The front-month (June’25) Brent futures contract remained rangebound this afternoon, hovering between $74.60 and $75.25/bbl and trading at $74.60/bbl at 17:30 BST (time of writing).
Jun’25 Brent futures failed to maintain strength over $75.00/bbl overnight and softened to around $74.50/bbl at 0915 BST but strengthened to around $75.15/bbl at 11.10 BST (time of writing). The US has revoked French oil company Maurel & Prom’s licence
The Jun’25 Brent crude futures saw a bullish performance on Monday afternoon, rising by nearly $2 over two hours from $73/bbl to $74.70/bbl by 17:00 BST (time of writing). The daily candlestick indicates resolute buying pressure as prices pushed through
RBOB futures strengthened this fortnight on stronger crude. Jun’25 RBOB rose from $2.17/gal on 17 Mar to $2.28/gal at the time of writing on 31 Mar, breaking above the 50-day moving average. The Jun’25 RBBR rallied from $20.00/bbl on 25
The Jun’25 Brent futures contract saw yet another weekly gain in the final week of March, opening at around $71.30/bbl on 24 Mar and now trading at $73.00/bbl at 1300 BST on 31 Mar. The M2 Jun’25 contract (soon to
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in crude oil, gasoline, and naphtha swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven
The week ending 25 Mar saw a net increase of length in the crude futures benchmarks (Brent and WTI) as money managers accelerated their purchases. Crude prices strengthened as the front-month Brent futures contract bounced up from $70/bbl levels and
The May’25 Brent futures contract weakened from around $74.15/bbl at 1215 GMT down to an afternoon low of $73.25/bbl at 1625 GMT, retracing slightly to $73.50/bbl at 1735 GMT (time of writing). Crude oil prices saw a weekly gain but
