Looking at Flux Insight’s CTA positioning for the week ending 05 Jan, CTA net positioning saw little net change across all products. Middle distillates remain the highest out of the products, although heating oil is no longer higher than gasoil, with the values flush. There are no clear patterns in the products with CTA positioning in the bottom half of the index. RBOB remains at the lowest net position, at -42k lots and is verging on a score below -45. For RBOB Futures, when the index is below -45, front-month prices revert up 60% of the time one week later, with an average gain of 1.36%.
Click below to explore our weekly CFTC COT reports, including a new report detailing historical Onyx COT data for key swap contracts.
