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.
Long sep dfl After weakening down to lows of around -13c yesterday, we think there is opportunity to look to fade the weakness and take a small long position today on the sep dfl Short Sep 380 crack After seeing
The October Brent futures flat price saw a supported performance on Wednesday morning, climbing by over $1 since 08:30 BST from $76.40/bbl to $77.50/bbl by 11:30 BST (time of writing). Price action is testing the $77.50/bbl resistance level, where the
All hell broke loose this week as the Bears came in with a bang. The Dated Brent market was not immune to the chaos that ran amok global financial markets at large. The poor US jobs reading was the tinderbox
The gasoline market continues to float without direction, riddled with illiquidity as players lament and let go of all hope for the summer. EBOB cracks have been particularly hit this fortnight due to Europe losing the New York Harbor as
The October Brent futures flat price saw better support on Tuesday afternoon, finding a springboard of $75.60/bbl before gapping up to $77/bbl before coming off to $76.62/bbl by 17:30 BST (time of writing). The US Department of Energy announced two
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 contract witnessed a morning of two halves. We initially saw the benchmark crude futures contract firm up to $80.40/bbl at 09:00 BST but saw these gains fade amid a sell-off to $79.75/bbl as of 11:20 BST
The oil market was no wiser in July when it came to the fundamental outlook and particularly global oil demand growth this year.
The October Brent futures flat price has been decimated this afternoon, falling from $79.70/bbl at 12:10 BST to a low of $76.75/bbl at 15:40 BST, before it retraced marginally up to $76.90/bbl by 17:30 BST (time of writing).
It was a risk-off week in the global crude benchmarks as money managers reduced long positions and added short positions. Preceded by five consecutive weeks of increases, long positions declined by 46.9mb (-8%). Meanwhile, short positions increased by 12mb (+8%).
Swing Low, Sweet Crude Brent crude futures suffered a major sell-off amidst mounting recession fears in the US, as the front-month October contract fell to the $75/bbl level on 5 August (at time of writing). The catalyst was Friday’s nonfarm
Prices have fallen in the Oct’24 Brent futures, ICE LS gasoil futures and RBOB gasoline futures contracts in the week ending 05 Aug. While open interest has been on an uptick in gasoil and RBOB, Brent saw more de-risking into
The Oct’24 Brent futures contract softened this morning, falling from above $77/bbl around 05:30 BST to $76.65/bbl around 08:35 BST.
Long Sep/Oct 3.5% Barge On Friday we saw Sep/Oct hit the lowest price it has been since January this year. Looking at the Onyx CoT data the RSI has crept into the oversold territory at 33.Â
The October Brent futures flat price has been decimated this afternoon, falling from $79.70/bbl at 12:10 BST to a low of $76.75/bbl at 15:40 BST, before it retraced marginally up to $76.90/bbl by 17:30 BST (time of writing).
