Reports

Industry-leading market insights. Get daily, weekly and monthly reports from Onyx Research, featuring expert analysis and interactive graphs. ​

Due to unforeseen circumstances, the Technical Analysis Report due for publication on the 15 July 2025 has been delayed by a day. We apologise for any inconvenience.

Dubai Market Report – Funds Fiending Brent/Dubai

November continues to be a lacklustre month in the Brent/Dubai complex as market participants gradually retreat and become more risk-off leading up to Christmas. Glance no further at open interest levels where market risk is focused in the front tenors

Read More
Onyx Alpha report cover

Onyx Alpha: Sentiment hits the brake

Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in gasoline swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on Onyx

Read More

CFTC Weekly: Bears Take A Leap

In the week ending 12 November, money managers added length to their positions in both Brent and WTI crude futures. Following Donald Trump’s election victory, we saw Hurricane Rafael divert course from the US Gulf Coast, leaving oil infrastructure unscathed,

Read More
European Window cover

European Window: Brent Rises to $73.00/bbl

The Jan’25 Brent Futures rallied this afternoon, rising from $71.44/bbl at 12:00 GMT to $73.27/bbl by 16:20 GMT before encountering resistance and retracing slightly to $73/bbl as of 17:15 GMT. In headlines, news of a power outage halting output at

Read More

Brent Forecast: 18th November 2024

The Jan’25 Brent future is trading near recent bottoms, with a wedge forming with lower highs from early October and a quite weak momentum in the bear trend shown by a negative but small MACD differential. We anticipate a short

Read More
European Window cover

European Window: Brent Declines To $71/bbl

The Jan’25 Brent futures contract declined this afternoon from $72.35/bbl at 12:00 GMT down to $71.00/bbl at 18:00 GMT (time of writing). We have seen bearish sentiment in Brent crude while China oil demand remains weak and Middle East ceasefire

Read More
Fuel Oil report cover

Fuel Oil Report – High on HSFO

In High Sulfur Fuel Oil (HSFO), the 3.5% bgs and Sing 380 contracts saw a strong rally in the past two weeks, with the strength in the East exceeding that of its European counterpart, with the Dec’24 E/W rallying from

Read More
Trader Meeting Notes

Trader Meeting Notes: When Trump Met Biden

A bafflingly coherent Biden skipped the COP29 to have an ecstatic lunch/photo op with Trump in the White House, and with all the big liberal names missing the conference, the only real news came from a righteous speech from Azerbaijan

Read More
European Window cover

European Window: Brent Weakens To $72.05/bbl

After initial strength this afternoon, the Jan’25 Brent futures contract ultimately saw weakness this afternoon, moving from $72.45/bbl at 12:00 GMT up to $73.20/bbl 14:20 GMT down to $72.05/bbl at 17:45 GMT (time of writing). EIA data released today

Read More
CFTC Weekly cover

CFTC Predictor: Bulls Take A Backseat

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

Read More