Crude Oil Futures: Extra gains not favoured

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Crude Oil Futures: Extra gains not favoured Oil Commodities Energy OpenInterest Futures

the week, maintaining the choppy activity unchanged. Volume followed suit and shrank by around 168.3K contracts, partially reversing the previous daily build.extended the rebound and reached the key $80.00 mark per barrel on Monday. The continuation of the uptrend was amidst diminishing open interest and volume and suggests that a sustainable move beyond this key resistance area is not favoured for the time being.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crude Oil Futures: Recovery has further legs to goCME Group’s flash data for crude oil futures markets noted traders added nearly 5K contracts to their open interest positions at the end of last week,
Source: FXStreetNews - 🏆 14. / 72 Read more »

Natural Gas Futures: Further gains in store near termConsidering advanced prints from CME Group, open interest in natural gas futures markets went up by nearly 7K contracts last Friday, leaving behind th
Source: FXStreetNews - 🏆 14. / 72 Read more »

Golds Futures: Room for further upsideOpen interest in gold futures markets increased for the fourth consecutive session on Friday, this time by around 2.3K contracts according to prelimin
Source: FXStreetNews - 🏆 14. / 72 Read more »