Onyx’s in-house CTA positioning model determines the net positioning of CTAs in a range of futures benchmarks. Total net positioning increased 27% w/w to -82kb, with a rise in positioning noted across crude and oil products except for RBOB gasoline. CTAs remain quite net short as total net positioning has been fairly flat from 13-19 Aug at around -80kb, in the market, awaiting hints from the Fed or Iran.
Click below to explore our weekly CFTC COT report.