Crude Oil Futures: Outlook remains cautious

avatar
· 閱讀量 2,696

CME Group’s preliminary data for Crude Oil futures markets noted open interest shrunk for the fifth straight session on Tuesday, now by around 9.8K contracts. On the other hand, volume rose sharply, this time by around 232.5K contracts.

WTI could attempt a move to the 200-day SMA

Prices of the WTI keep navigating the upper end of the multi-week range, always gyrating around the key $40.00 mark per barrel. Tuesday’s test of fresh 4-month peaks was amidst declining open interest, hinting at the idea that extra upside still needs extra conviction. That said, the key hurdle still remains at the 200-day SMA, today at $43.39.

Crude Oil Futures: Outlook remains cautious

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。

喜歡的話,讚賞支持一下
回覆 1

暫無評論,立馬搶沙發

  • tradingContest