OctaFX | OctaFX Forex Broker
Open trading account

Crude Oil Futures: Deeper retracement on the cards

Open interest in Crude Oil futures increased by around 71.4K contracts on Monday, the largest single-day build so far this year according to advanced readings from CME Group. In the same line, volume went up by nearly 353.8K contracts, the highest level since March 18th.

WTI: Rallies seen as selling opportunities

Prices of the WTI dropped to fresh 17-year lows near $19.20 per barrel at the beginning of the week and closed the session just above the key $20.00 mark. Rising open interest and volume amidst the current negative price action favour further near-term pullbacks, although it is worth mentioning that the extreme oversold conditions of the commodity could spark eventual bouts of strength. These, however, could be deemed as selling opportunities for the time being.

DJIA Futures Today: The calm before the end-of-quarter storm, coronavirus headlines eyed

US stocks are set to end the first quarter of 2020 on a high note. Dow Jones Industrial Average futures are up some 100 points, less than 1%, indicati
Read more Previous

Oil: Demand projections continue to move lower – TDS

Oil plunged to its lowest in some 18 years while President Trump will continue his dialog with Russia's Putin about the oil market, strategists at TD
Read more Next
Start livechat