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.
The Dec’24 Brent futures contract sold off further this afternoon, trading at $76.89/bbl at 12:00 BST and weakening to an intraday low of $75.19/bbl at 15:20 BST, before recovering to $76.75/bbl at 17:05 BST (time of writing). Prices initially weakened
This week, the market remained about as relaxed as a bull on Redbull. A few drowsy comments from “Sleepy Joe” were enough to get everyone on edge as we hit the one-year mark since the October 7th Hamas attacks. But
The Dec’24 Brent futures contract saw support this morning, trading at $77.13/bbl at 07:00 BST and strengthening to $77.72/bbl around 11:20 BST (time of writing). Price action saw upward movement this morning amid mounting concerns of a potential Israeli strike
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
The Dec’24 Brent futures contract sold off further this afternoon, trading at $76.89/bbl at 12:00 BST and weakening to an intraday low of $75.19/bbl at 15:20 BST, before recovering to $76.75/bbl at 17:05 BST (time of writing). Prices initially weakened
Propane flat price contracts witnessed significant volatility this fortnight, with the Nov’24 US Mont Belvieu TET (LST) propane contract strengthening from under 75c/gal on 26 Sep to just shy of 84c/gal on 07 Oct. This support likely stemmed from a
After initial choppy price action this morning, the Dec’24 Brent futures contract sold off, trading at $77.86/bbl at 07:00 BST and marginally weakening to $77.82/bbl at 11:00 BST, before plummeting to $76.79/bbl just before 11:30 BST (time of writing). Brent
The naphtha market has witnessed great strength in the past two weeks, although the front cracks don’t portray this too well due to the strength in crude, which has seen a particular boost from the expansion of conflict in the
The Dec ’24 Brent futures contract witnessed a strong afternoon, recording a 2.5% increase to $80.80/bbl between 14:00 BST and 17:00 BST before softening a little to $80.70/bbl as of 17:35 BST (time of writing). T
Brent/Dubai witnessed a turbulent week despite the quiet backdrop of Golden Week in China. The complex first saw support towards the end of September amid news of a long-awaited stimulus package announced by the People’s Bank of China on 24
Over the past week, the Dated Brent market has been volatile and at the mercy of Brent futures momentum. Structure has firmed and weakened alongside the fluctuations of the futures market, where the increasing geopolitical risk premium and the perceived
Amid choppy price action this morning, the Dec’24 Brent futures contract weakened a touch from $79.65/bbl at 07:00 BST to $79.43/bbl at 11:50 BST (time of writing). After briefly trading above the $80/bbl level yesterday, the contract saw less support
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in crude, distillates, and naphtha swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
The Dec ’24 Brent futures contract witnessed a strong afternoon, recording a 2.5% increase to $80.80/bbl between 14:00 BST and 17:00 BST before softening a little to $80.70/bbl as of 17:35 BST (time of writing). T
Much To Do About China – Front-month ICE Brent futures shifted gears twice, moving into a lower trading range in September, with Brent pricing still very much at the mercy of the macro sentiment, centred on China. At the peak
