Please note that there will be a hiatus in the publication of reports between 22nd December and 2nd January due to the Christmas period. Reports will be published as normal from Monday 5th January 2026.
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in LPG and Gasoil swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods
The Jan’25 Brent futures contract saw steady support this morning, increasing from $73.13/bbl at 07:00 GMT up to $73.70/bbl at 10:40 GMT (time of writing).
The Jan’25 Brent futures contract declined this afternoon from $75.15/bbl at 12:00 GMT down to around $73.10/bbl at 17:40 GMT (time of writing). Bearish sentiment prevailed this afternoon while markets turned focus to talks of an Israel-Hezbollah ceasefire. A senior
After a rangebound start to the week in Brent futures, we saw steady strength as the Jan’25 contract rose from an intraday low of $71.10/bbl on 18 Nov to an intraday high of $74.65/bbl on 22 Nov. Among several bullish
The Jan’25 Brent futures contract concluded last week on a solid note, closing at $75.20/bbl on 22 Nov off the back of escalating tension around the Ukraine war. Prices softened to $74.35/bbl this morning, where they found support briefly, but
In the week ending 19 November, there was a consolidation of the long:short ratios for money managers in Brent and WTI. This is the first time since May that the Brent funds’ long:short ratio surpassed WTI’s. The combined positions showed
The Jan’25 Brent futures contract has softened from $75.30/bbl, seen at 01:10 GMT today, to $74.80/bbl (as of 10:35 GMT, time of writing).
The M1 Henry Hub natural gas futures rallied to $3.563/MMBtu on 22 Nov, although the benchmark natural gas futures contract appears to be meeting resistance at this level. According to LSEG, the amount of gas flowing to the seven big
The Jan’25 Brent futures contract was supported this afternoon, moving up more than $1 from $73.80/bbl at 12:00 GMT to $75.05/bbl at 17:35 GMT (time of writing). Geopolitical tensions remain at the forefront as Ukraine’s ex-military Commander-in-Chief Valery Zaluzhny stated
The Jan’25 Brent futures contract strengthened this morning from $74.20/bbl at 07:00 GMT up to just over $74.80/bbl at 08:15 GMT. We saw a decline to $74.18/bbl by 09:15 GMT, however, recovered to around $74.40/bbl at 10:45 GMT (time of
The Jan’25 Brent futures contract declined from an intraday peak of $74.37/bbl at 12:30 GMT down to $73.55/bbl at 17:40 GMT (time of writing). In the news today, China is projected to import around 11.4mb/d of crude oil in November,
This week has seen a battle between bullish and bearish forces, kicking off with a focus on poor Chinese oil demand as China’s refinery run rates fell for the seventh month in a row, down 4.6% y/y. Moreover, China’s VAT
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 Jan’25 Brent futures contract saw sustained strength this morning, increasing from $73.25/bbl at 07:00 GMT up to $73.95/bbl at 10:55 GMT (time of writing). Geopolitical risk was elevated as Russia fired an intercontinental ballistic missile at the southern city
The Jan’25 Brent futures contract declined this afternoon after initial strength, moving from $73.60/bbl at 12:00 GMT up to $73.93/bbl at 14:00 GMT, before falling to $72.90/bbl at 17:40 GMT (time of writing). Crude oil prices fell to the $73/bbl
