Onyx Research

Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.

Daily Trade Idea: 30/05/2024

1 min read

Long Jul 0.5% E/W

Over the past 2 weeks we have seen downward pressure on the 0.5 E/W with news from the East that there was little demand after tenders issued by Al Zour refinery in Kuwait. However, we are now starting to see some support with the RSI for July saying it has moved into the oversold territory and the market starting to get long according to Onyx CoT.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.