Market news
01.08.2022, 05:57

Crude Oil Futures: Further consolidation in the pipeline

CME Group’s flash data for crude oil futures markets noted traders added around 6.5K contracts to their open interest positions on Friday, adding to the previous build. In the same line, volume resumed the upside and rose markedly by around 148.2K contracts.

WTI looks supported by the 200-day SMA

Prices of the WTI closed Friday’s session with modest gains after reaching multi-day peaks close to the $102.00 mark per barrel. The daily uptick was on the back of increasing open interest and volume, which leaves the prospects for further consolidation unchanged while supported by the key 200-day SMA, today at $95.10.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location