Vincent Wu
Research Associate, Flux
Our reports are now published by The Officials, and accessible through the Flux platform. Login to Flux 4.0 to view them, or visit The Officials website to learn more and sign up to a free trial.
Naphtha Crack
In this edition, we look at the Sep'26 NWE Naphtha Crack.
In this publication, we leverage Onyx’s proprietary Commitment of Traders data in order to identify changes in swap Open Interest and Positioning against Onyx with a view, in conjunction with long/short entry price levels and volatility analysis, to identify potential continuation or reversal trends.
In this edition, we look at the Sep'26 NWE Naphtha Crack.
Premium Content
Our reports are now part of The Officials, and available exclusively on the Flux platform. Existing customers can Login to Flux to access them, or you can visit The Officials to sign up for free trial access.
Written by
About COT Deep Dive
A premium report focusing on a single product's forward looking view, driven by proprietary flow data
Related News
Brent Firms Above $100 Despite Saudi Arabia’s East-West Pipeline to Resume Exports
Brent firms above $100 as Saudi restarts East-West Pipeline, July exports hit 5-month high; Libya's Sharara output cut; India's Russian impo
Brent Drops Sub-$100 Despite Bessent Threatening to “Shut Down” Iranian Airlines
Brent falls to $98.85 as Bessent threatens Iranian airlines, US eyes $5Bn Mideast fund, Saudi loadings recover, Macron seeks methane delay.
Brent falls below $100/bbl alongside rumours US will release 30mb from SPR
If true, this would constitute over 10% of the remaining volume in the SPR.
Weakness in the West
Open interest remains in line with the 5-year average, as trade houses trimmed their longs against Onyx in the prompt NWE crack.
17 page report