- Analytics
- News and Tools
- Market News
- Crude Oil Futures: Extra gains on the cards
Crude Oil Futures: Extra gains on the cards
CME Group’s flash data for crude oil futures markets noted traders increased their open interest positions for the fourth consecutive session on Friday, this time by around 1.5K contracts. Volume, instead, remained erratic and went down by nearly 19K contracts.
WTI: Next on the upside comes $80.00 and above
WTI prices regained the smile on Friday after three daily pullbacks in a row. The rebound was amidst increasing open interest and leaves the room open to the continuation of this trend at least in the very near term. The immediate resistance for the commodity lines up at the key $80.00 mark per barrel.
© 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.
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.
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
