OctaFX | OctaFX Forex Broker
Open trading account

Speculators increased net bullish positions in Oil

FXStreet (Mumbai) - The data released by the Commodity Futures Trading Commission showed the speculators increased their overall bullish bets in WTI oil futures last week.

The non-commercial futures contracts of WTI oil futures, traded by large speculators and hedge funds, witnessed a weekly change of +9,616 contracts to total a net position of +246,191 contracts for the week ended Nov 3rd. The weekly bullish positions fell by -6,244 contracts and the weekly bearish positions fell by 15,860 contracts.

The commercials, hedgers or traders engaged in buying and selling for business purposes, slightly increased their existing bearish positions to a net total position of -244,372 contracts.

Eurozone: Market eyes on Sentix investor confidence data – Danske Bank

Research Team at Danske Bank, suggests that in the euro area, focus will be on the October Sentix investor confidence.
Read more Previous

GBP/USD looks to regain 1.5100

The sterling is trading on a better footing at the beginning of the week, pushing GBP/USD to test the 1.5070 area so far...
Read more Next
Start livechat