OctaFX | OctaFX Forex Broker
Open trading account
Back

Crude Oil Futures: Further losses in the pipeline

CME Group’s advanced prints for crude oil futures noted open interest increased for the second session in a row on Thursday, this time by around 31.2K contracts. Volume, too, went up after five consecutive drops, now by around 101.9K contracts.

WTI: Door open for a move below $20.00/bbl

Prices of the barrel of the West Texas Intermediate keep trading on a negative fashion at the end of the week amidst rising open interest and volume. Against this backdrop, a re-visit to the 2020 lows in sub-$20.00 levels should not be ruled out.

GBP/USD: Multi-year bear triangle pattern – Credit Suisse

GBP/USD is now in a consolidation phase following the aggressive move lower but analysts at Credit Suisse expect further weakness. Key quotes "We look
Read more Previous

Oil: Price recovery as soon as economy relive – ABN Amro

After the failure of the OPEC+ meeting to reach a new production cut agreement, the risk of an even bigger supply glut triggered profit taking on long
Read more Next
Start livechat