Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Distillate and NGL swaps. Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods
Brent forecast – Stock market support vs 70 Last week, Brent was lacklustre, as predicted. This week, we expect much of the same, albeit progress in US trade deals could give oil some pep. Trade deals were recently made with
In the week ending 22 Jul, the crude oil futures benchmarks (Brent and WTI futures) saw uninspiring price movements, with the M1 Brent futures oscillating between a narrow range of $67 and $70, noting strict support and resistance, respectively, on
The M1 (Sep’25) Brent futures contract has been rangebound between $68.60/bbl and $69/bbl this morning, although prices appear to be breaking out of this morning’s range, printing at $69.17/bbl at 11:30 BST (time of writing).
The Sep’25 Brent crude futures saw a bearish Friday afternoon, falling from $69.70/bbl to $68.50/bbl where it found some support. This level was also where prices found support on Thusday evening. Nonetheless, prices have been rangebound between $68 and $70/bbl
The Sep’25 Brent futures contract strengthened slightly from $69.20/bbl at 21.20 to see resistance at $69.80/bbl this morning between 8.00-8.30 BST but softened to $69.30/bbl at 11.37 BST (time of writing). PetroChina has approved a $9.56 billion refinery and petrochemical
The Sep’25 Brent Futures contract rallied from $68.88/bbl to $69.49/bbl at 17:11 BST. Prices dropped to $68.70/bbl at 17:33 BST (time of writing). In the news, Chevron is regaining permission from the Trump administration to resume oil production in Venezuela,
Last week, we spoke about how it was difficult to hold Brent above $70/bbl, and absolutely nothing has changed. The M1 Brent futures contract moved from a high of $70.80/bbl on 18 Jul to closing sub-$70/bbl on the day and
It’s been a fairly uninspiring fortnight for gasoline bulls, with the M1 (Sep’25) RBOB futures crack ticking up from $19.75/bbl on 9 Jul to a high of $20.77/bbl on 15 Jul before plummeting to $17.90/bbl at the time of writing
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
The Sep’25 Brent futures contract rallied to $69.43/bbl at 07:38 BST before softening to $68.91/bbl. Prices then rallied to $69.31/bbl at 11:10 BST (time of writing). In the news, Repsol confirmed its shareholder payout target after reporting a second-quarter adjusted
The Sep’25 Brent Futures contract saw a volatile afternoon with prices bouncing between $68.47/bbl and $68.03/bbl. Prices then rallied to $68.53/bbl at 17:28 BST (time of writing). In the news, US crude oil inventories dropped by 3.2 mb to 419
The Sep’25 Brent crude futures came off gradually on Wednesday morning, finding support at $68/bbl and trading at $68.20/bbl by 11:30 BST (time of writing). In the news, despite Chevron’s US-forced exit, Venezuela has held oil output near 1.1 mb/d
Over the past week, the M1 gasoil futures contract found support at the $700/mt level as its upward trend remains intact. For the uptrend to continue, it must overcome immediate resistance at $735/mt, which aligns with the highs from this
The Sep’25 Brent Futures contract initially rallied to $69.02 at 13:34 BST before falling to $68.21 at 15:08. Prices have since slightly recovered to $68.33/bbl at 17:35 BST (time of writing). In the news, US Treasury Secretary Scott Bessent will
