Considering advanced prints from CME Group for crude oil futures markets, open interest extended the uptrend and increased by around 17.8K contracts on Tuesday. Volume, instead, reversed two daily builds in a row and shrank by around 669.6K contracts.
WTI: Solid resistance comes at the 200-day SMA
Prices of the barrel of the WTI maintained the bid bias on Tuesday and added to the ongoing rally amidst rising open interest. The latter underpins the view that the commodity could extend the upside in the very near term, although the sharp decline in volume and the proximity of the overbought territory (as per the daily RSI) could spark some fresh selling. In the meantime, there is a firm hurdle at the 200-day SMA around $83.80, an area coincident with the December 2022 peaks.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發