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 Oct’24 Brent futures contract recorded a supported afternoon. The flat price dropped to $80.30/bbl at 13:55 BST before firming up to $81.30/bbl at 17:25 BST (time of writing)
The North Sea continues to be a hub for outrageously bullish moves from trade houses (they’ve got to pay that fine somehow). For whom (or maybe why) the Vi-tolls is the question, maybe the Dated Brent is seeing fewer themes
The Oct’24 Brent futures contract fell below the $80/bbl mark at 05:40 BST, sitting at $79.80/bbl at 06:50 BST. However, the futures contract found support at this level and firmed up to $80.20/bbl at 11:30 BST (time of writing). The
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
Short Oct/Nov 0.5 sing We have been seeing some selling in the front of the sing LSFO. The low appetite from China is reflected in July’s crude throughput, which has fallen to a 21-month low. The RSI indicate overbought with
The Oct’24 Brent futures flat price fell this afternoon, from $81.14/bbl at 14.15 BST to $80.20/bbl at 17.30 BST (time of writing), as there were quite volatile movements this afternoon, especially post-EIA stats. The EIA inventory report revealed US crude
We saw US Mont Belvieu (LST) propane spreads first plummet at the start of the month and then subsequently rally.
The October Brent futures flat price saw a choppy but ultimately bearish Wednesday morning, rallying to highs of $81.41/bbl by 10:07 BST which was followed by a rapid descent below $81/bbl, trading at $80.76/bbl at 11:20 BST (time of writing).
Long Oct/Nov 380 Oil stocks in Fujairah have dropped to a 10-month low. Plus demand falling after peak summer power generation for air conditioning. Oct/Nov price has fallen from $8.75 a few days ago and this trade suggestion is to
The Dated Brent market saw an impressive rally and was buoyed to even further heights after a very brief foray into contango territory. To borrow from the IEA, the market saw “Olympic levels of volatility” in the past month. Demonstrating
The October Brent futures flat price trended lower on Tuesday afternoon, falling by over $1 after hitting resistance at the $82/bbl level, reaching lows of $80.62/bbl at 17:07 BST, and trading at $80.81/bbl at 17:30 BST (time of writing). The
We continue to see strength across the naphtha complex, although we appear to now be approaching the dangerous realm of potential buy-side saturation with rising selling in naphtha cracks in Europe, alongside selling in the E/W.
The strength emerged from a pitiful Dubai complex riddled with selling flow on the back of bearish macroeconomic data and the sell-off within wider risk assets
With another week comes another selection of new 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
The Oct’24 Brent futures flat price started the day on a bullish front and rallied past the $80/bbl handle. The benchmark crude futures contract was observed sitting just below $80.40/bbl as of 11:35 BST (time of writing).
