Crude Oil Futures: Scope for further gains
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
CME Group’s flash data for crude oil futures markets noted open interest resumed the uptrend on Friday, this time rising by around 17.7K contracts. Volume followed suit and increased sharply by around 310.5K contracts, offsetting the previous drop.
Prices of the WTI rose markedly at the end of last week on the back of rising open interest and volume, leaving the door open to the continuation of the rebound in the very near term. On the upside, the next hurdle remains at the October top at $93.62 per barrel (October 10).
[/s2If]
Join Our Telegram Group
