- Analytics
- News and Tools
- Market News
- Crude Oil Futures: Still scope for further upside
Crude Oil Futures: Still scope for further upside
Open interest in crude oil futures left behind the previous daily drop and rose by around 6.4K contracts on Tuesday according to preliminary readings from CME Group. Volume followed suit and went up by around 64.6K contracts after three consecutive daily pullbacks.
WTI: Next relevant target comes at $80.00
Prices of the barrel of the WTI extended the march north on Tuesday on the back of increasing open interest and volume, leaving the door open to the continuation of the uptrend in the very near term. That said, the immediate resistance level of note for the commodity appears at the key $80.00 mark per barrel so far.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
