OctaFX | OctaFX Forex Broker
Open trading account

Crude Oil Futures: Upside seen shallow

Open interest in Crude Oil futures markets decreased by around 17.2K contracts on Tuesday as per advanced prints from CME Group. In the same direction, volume went down by nearly 15.1K contracts, reaching the second drop in a row.

WTI expected to return to sub-$50.00 levels

Tuesday’s positive price action in WTI came on the back of declining open interest and volume, signalling the presence of short covering behind the current recovery. That said, prices are seen resuming the downside in the near-term, targeting the area below the key $50.00 mark per barrel once again.

AUD/USD eases from weekly tops, still comfortable above 0.6700 mark

The AUD/USD pair held on to its daily gains and is currently placed near weekly tops, comfortably above the 0.6700 round-figure mark. The prevailing r
Read more Previous

Coronavirus hits China’s gold jewellery demand - Bloomberg

The demand for gold jewelry in the world’s top consumer, China, is likely to plunge this year, as the China coronavirus negatively affects the shopper
Read more Next
Start livechat