Brent is 5% higher since the markets returned to action post the Labour Day break. As a result, the market has repriced any residual low sentiment from the June/July lows.…

Participants are back from holidays; we take stock of the paper market, how sentiment has changed and the dominant factors driving oil prices. CTAs and momentum funds are currently taking…

The main event this week was not the “beat” in DOE inventory data, Shell’s force majeure on Bonny light or OPEC related news. The single most important event, in our…

Latest exchange data available points to further short positioning in both Brent and WTI. CTAs/ trend following funds have “clean” pivot points and are in control still. As we write,…