CME Group’s flash data for crude oil futures markets noted traders added around 2.8K contracts to their open interest positions after five consecutive
daily pullbacks on Tuesday. Volume, instead, shrank for the second straight session, this time by around 103.1K contracts.dropped for the second session in a row and closed below the key $80.00 mark per barrel on Tuesday. The daily pullback was amidst rising open interest, which indicates that there is still scope for further decline in the very near term with an immediate contention at the key 200-day SMA, today at $76.10 per barrel.
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.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Crude Oil Futures: A deeper pullback looks not favouredCME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions for the fourth session in a row on Monday
Consulte Mais informação »
Oil futures post back-to-back losses on the expiration day for September WTI futuresOil futures settled lower for a second session on Tuesday, “having fluctuated quite a lot so far this month, only to trade slightly below where it started,”...
Consulte Mais informação »
Commodities Week Ahead: Oil Bulls Seek to Shake off China Gloom, Fed FearCommodities Analysis by Investing.com (Barani Krishnan) covering: Brent Oil Futures, Crude Oil WTI Futures, ProShares UltraShort Bloomberg Crude Oil, ProShares Ultra Bloomberg Crude Oil. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
Consulte Mais informação »
Natural Gas Futures: Extra weakness in the pipelineConsidering advanced prints from CME Group for natural gas futures markets, open interest increased by just 545 contracts on Friday after three consec
Consulte Mais informação »
Closing prices for crude oil, gold and other commoditiesBenchmark U.S. crude oil for September delivery fell 53 cents to $80.72 a barrel Monday. Brent crude for October delivery fell 34 cents to $84.46 a barrel.
Consulte Mais informação »
- US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jul 27, 2023 when OilTraders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bearish contrarian trading bias.
Consulte Mais informação »