Providing investors with a balanced perspective, Massif Capital

Massif Capital Research

Research focused on providing investors with a balanced perspective on the environmental and economic realities of achieving a carbon-neutral economy for businesses within the Energy, Basic Materials and Industrial industries

Providing investors with a balanced perspective

Real Asset Chartbook Week #11: Digging Deeper into the Charts

Massif Capital

Research focused on providing investors with a balanced perspective on the environmental and economic realities of achieving a carbon-neutral economy for businesses within the Energy, Basic Materials and Industrial industries.

The Massif Capital Real Asset Strategy is a global long/short equity strategy built around bottom-up stock picking. We are focused on creating a portfolio of businesses from within the Energy, Basic Materials and Industrial sectors that balance the environmental and economic realities of achieving a carbon-neutral economy.

Commodities

<ul>
<li>Oil markets remain volatile, with no end in sight.</li>
<li>As part of a forthcoming update to our commodity charts, we will soon introduce trader-based sentiment scores. This week's WTI Directional Sentiment Index remains negative, while the Non-Directional Sentiment measure (chart below), which evaluates market sentiment based on who is putting on spreading trades as opposed to directional trades, continued its slow upward trend.</li>
<li>This suggests that market participants continue to favor playing the shape of the oil curve, rather than engaging in outright directional trades. We suspect that as long as our non-directional sentiment index continues to trend upward, the price of oil will remain capped, barring any dramatic geopolitical events. </li>
</ul>


Oil markets remain volatile, with no end in sight.
As part of a forthcoming update to our commodity charts, we will soon introduce trader-based sentiment scores. This week's WTI Directional Sentiment Index remains negative, while the Non-Directional Sentiment measure (chart below), which evaluates market sentiment based on who is putting on spreading trades as opposed to directional trades, continued its slow upward trend.
This suggests that market participants continue to favor playing the shape of the oil curve, rather than engaging in outright directional trades. We suspect that as long as our non-directional sentiment index continues to trend upward, the price of oil will remain capped, barring any dramatic geopolitical events. 


リアルアセットチャートブック第12週：原油価格の変動は続く、終わりは見えない

Crude Oil

リアルアセットチャートブック第12週：原油価格の変動は続く、終わりは見えない