Crude Oil Futures: Door open to extra gains near term

Noticias del mercado

8 agosto 2023

Crude Oil Futures: Door open to extra gains near term

Open interest in crude oil futures markets shrank for the second straight session on Monday, now by around 10.5K contracts according to preliminary readings from CME Group. Volume, instead, resumed the uptrend and rose by around 9.7K contracts.

WTI: Upside seems capped above $83.00

Monday’s losses in WTI prices came in tandem with diminishing open interest, which removes some strength from the prospect for further decline in the very near term. So far, the 2023 top at $83.49 (April 12) continues to limit the upside for crude oil bulls.

EUR/JPY bulls attack 157.70 key resistance on softer Japan wages, ignores unimpressive Germany inflation

Germany Harmonized Index of Consumer Prices (MoM) meets expectations (0.5%) in July

Enfoque del mercado

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Abrir cuenta demo y página personal

Área personal

support@teletradepartners.com

Aviso de riesgo: El hecho de realizar operaciones comerciales en los mercados financieros con instrumentos financieros de margen abre grandes oportunidades y permite a los inversores que estén dispuestos a correr riesgos a obtener altos rendimientos, pero al mismo tiempo conlleva un nivel de riesgo de pérdidas potencialmente alto. Por lo tanto, antes de comenzar a operar, se debe tomar de manera responsable a la cuestión de elegir una estrategia de inversión correspondiente, teniendo en cuenta los recursos disponibles.

Política de privacidad