Crude Oil Futures: Extra upside favoured near term

Noticias del mercado

1 septiembre 2023

Crude Oil Futures: Extra upside favoured near term

Open interest in crude oil futures markets resumed the uptrend on Thursday and went up by around 29.1K contracts. In the same line, volume increased for the third straight session, now by around 367.3K contracts.

WTI targets the 2023 high near $85.00

WTI prices extended the multi-session rally on Thursday and closed above the $83.00 mark per barrel, or three-week tops. The uptick was on the back of increasing open interest and volume and paves the way for the continuation of the current trend to, initially, the YTD peak at $84.85 (August 10).

China to step up efforts to revive property sector

Australia RBA Commodity Index SDR (YoY) up to -23.2% in August from previous -23.5%

Enfoque del mercado

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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.

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