Trading Corner | Ep 3

Senior Traders on the floor at Onyx Commodities Manny and Jonah - who run our Dated Brent and systematic trading strategies respectively - talk their current stand out trades, how they reached their current perspectives, and the data that supports their hypothesises.

It's been an incredibly bearish week, and nobody wants to get caught in a short squeeze. It’s unclear if the market will keep spiralling into the abyss. Manny and Jonah explain that with APPEC this week, and too much pub-chatter, we’re not in the environment of $80/bbl oil at the moment. The more realistic picture we're looking at is towards $60/bbl. We're essentially primed for a short squeeze with a fairly bearish overall fundamental picture, and we're praying to get squeezed out by physical.

#bearish #short #shortmarket #shortsqueeze #trading #tradingfloor #analysis #markets #marketanalysis #oilandgas #oott #oil #derivatives #derivativestrading

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[robinholmes]

Thanks for having that chat. Very insightful, especially just right now. Great to hear what the professionals are thinking !

[lewisporter]

great conversation !! thanks for sharing !