
Reports


Dubai Market Report – MurbanMania
MurbanMania – Overall bearish price action in Brent/Dubai has been unsurprising and the rolldown is generally expected.

Brent Hovers Around $83.50/bbl
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.

Naphtha Report: Light-ending up overbought…?
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

Up-Dated Brent: Supplementary Report
After a prolonged bull play in the North Sea physical, Gunvor flipped to aggressively selling Midland and Forties cargoes into the new month

Alpha Potter and the Philosopher’s Trade
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

Brent Hovering Around $83/bbl
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.

This Week’s Target Price: $82-84/bbl
The July Brent futures contract has now reached the $83.30/bbl handle, with bearish sentiment continuing to permeate into markets.

SLINGSHOT…ENGAGED
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

CFTC Report: A Flip in Sentiment
For the week to Apr 30, we saw similar positions adopted by bullish money managers across the two benchmarks, whilst their bearish counterparts took opposing approaches.

Brent Lifted From $83/bbl
Jul Brent crude flat price was supported in the early morning from $83/bbl to $83.65/bbl at 11:30 BST (time of writing) with low volumes traded due to the UK Bank Holiday.

Futures Report: Bear Attack
Technical indicators showed the major futures contracts falling into oversold territory on the back of a waning geopolitical risk premium and poor sentiment out of the US which exacerbated the sell-off. Bollinger bands have widened, indicating a sustained increase in

Brent at $83.20/bbl Amid Mixed Flow
The July Brent Futures flat price has had a mixed afternoon. Between 12:00 BST and 13:30 BST it rose steadily to a high of $84.30/bbl before reversing this trend and declining to a low of $83.10/bbl at 15:45 BST.

Fuel Oil Report – A Glass Half Fuel…?
HSFO was well supported this fortnight until the sell-off in crude from Apr 30 onwards catalysed
overwhelming bearishness in the complex, with this slightly more pronounced in European grades.

Choppy Morning For Brent In $83/bbl Handles
The Brent futures flat price for the prompt contract has witnessed a weaker morning. Price action initially strengthened to reach a peak of $84.13/bbl at 08:25 BST. However, since then prices have witnessed a downtick to back beneath the $84/bbl