Crude Oil Futures: Extra gains on the cards

…
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 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 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.

[/s2If]
Join Our Telegram Group