OctaFX | OctaFX Forex Broker
Open trading account
Back

Crude Oil Futures: room for further recovery

CME Group’s flash data for Crude Oil futures markets noted traders added nearly 4.4K contracts to their open interest positions on Thursday. On the opposite side, volume extended the downtrend for the sixth consecutive session, this time dropping by around 49.3K contracts.

WTI could re-test the $59.00 mark and above

Prices of the barrel of WTI remain in a recovery-mode so far this week. Thursday’s positive price action amidst rising open interest allows for a probable move to the $59.00 mark and above, where is located the 55-day SMA. However, the persistent drop in volume could spark some consolidation in the short-term horizon, or even a resumption of the downside.

Italy Global Trade Balance came in at €4.872B below forecasts (€6.106B) in November

Italy Global Trade Balance came in at €4.872B below forecasts (€6.106B) in November
Read more Previous

Australia: Q4 CPI likely to print 0.7% – ANZ

Analysts at ANZ are forecasting the Australia’s headline inflation is likely to print 0.7% QoQ in Q4, with the annual rate rising to 1.9%. Key Quotes
Read more Next
Start livechat