The Brent Futures contract has seen a mixed morning, rising from high $83/bbl levels in the early morning to peak at $84.33 at 9:06 BST, before retracing and eventually settling around $84.18.
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
Jun FEI/CP rallied to $44.50/mt on Apr 26 following market confusion as the CP release was put out early and supported buying in the FEI/CP.
The July Brent Futures flat price had a weak start to the afternoon, reaching a low of $82.05/bbl at 13:30 BST before aggressively shooting up to a high of $83.80/bbl at 16:45 BST, after which it retraced down slightly and
The July Brent Futures flat price has had a weak morning, ticking down consistently since its high of $82.80/bbl at 05:00 BST. Significantly, the morning saw the contract drop into $81/bbl handles, and reach a low of $81.80/bbl at 10:30
MurbanMania – Overall bearish price action in Brent/Dubai has been unsurprising and the rolldown is generally expected.
The July Brent Futures flat price has had a choppy afternoon, which it began in $83.00/bbl handles, before dipping twice to $82.55/bbl and $82.45/bbl at 14:05 BST and 15:45 BST, respectively.
This past fortnight has seen naphtha in Asia and Europe rally into May before finally reaching a plateau in the past week as the rally ran out of steam. Naphtha cracks have reversed from their downtrend seen in the first
After a prolonged bull play in the North Sea physical, Gunvor flipped to aggressively selling Midland and Forties cargoes into the new month
With another week comes a fresh slew of 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 July Brent Futures flat price had a rangebound start to the morning, ticking between $83.30/bbl and $83.60/bbl from 05:30 BST to 08:15 BST.
The July Brent futures contract has now reached the $83.30/bbl handle, with bearish sentiment continuing to permeate into markets.
SLINGSHOT…ENGAGED – April was met with a firm brick ceiling of selling, driven by a macro response to an untenable treasury situation as well as de-escalation of tensions that financial money sees very arbitrarily, i.e. either Max Long or get
