Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
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 September Brent Futures contract has seen a mixed morning, at first rallying up to $85.84/bbl at 07:00 BST before experiencing a sell-off down to $85.14/bbl at 10:45 BST and subsequently rebounding to $85.36/bbl at the time of writing (11:10
CFTC COT Report for the week ending 02 July – UPDATED WITH NYMEX DATA
Long Aug/Sep 380 spread : Our trade idea is to long Aug/Sep 380 spread. Hot weather in the Middle East and Persian Gulf were expected to maintain power generator. End-consumers look to cool their houses and buildings. We believe demand for
The September Brent futures flat price witnessed a choppy Monday afternoon, first rising to $86.25/bbl before falling to $85.75/bbl, where it remains as of 17:00 BST (time of writing). In the headlines, ExxonMobil said that lower natural gas prices and
Technical indicators showed the major futures contracts teetering on overbought in the Bollinger bands as the strength emanated from crude and was held well in the products.
Onyx Research Analyst Mita Chaturvedi reports this week’s Brent forecast.
The September Brent futures contract has been on a downward trajectory this morning, inching lower from above $86/bbl at 08:00 BST to $85.85/bbl at 11:35 BST (time of writing). The persistent decline in prices following a peak of nearly $88/bbl
Long Sep/Oct 3.5 Barges : Our trade idea is to long Sep/Oct 3.5 Barges. Since 1st of July we have seen bullish movements with 3.5 Barge spreads, trading from $8/mt up to now currently trading at $11/mt. We believe spreads will
The September Brent futures flat price has had an unsettled afternoon, initially rising from $87.20/bbl to $87.65/bbl and then back between 12:00 BST and 15:20 BST.
Russia attacked and damaged a gas facility in the Poltava region operated by UkrGazVydobuvannya (UGV), Ukraine’s state-owned producer, on 03 July.
The crude oil futures market rallied to 4-month highs this week and is on track for its fourth consecutive weekly increase.
Long Aug 3.5 Barge crack: Our trade idea is to long Aug 3.5 Barge crack – recently we have seen weakness with the barge crack, trading down from -$7.60/bbl to -$8.90/bbl. However there has been a slight retracement back up
The September Brent futures flat price witnessed an impressive rally early this morning. The contract moved sharply up from $87.15/bbl minutes before 08:00 BST to $87.60/MMBtu at 08:40 BST. However, the benchmark crude futures contract subsequently weakened and stands at
What a week it is for European elections as the UK goes to the polls today, whilst France has the second round of its legislative election on Sunday. Ironically, the UK’s election will likely only have a Conservative effect on
