Preliminary data from CME Group for crude oil futures markets indicates that traders added about 2,500 contracts to their open interest positions on Friday, marking the second consecutive daily increase. Volume, on the other hand, was noticeably down by around 245,300 contracts after three consecutive daily increases. WTI remains capped by the 200-day SMA Barrel […]
Tag: OpenInterest
Natural Gas Futures: Rebound Could Lose Traction
Open interest in natural gas futures markets continued the downward trend and fell by just 169 contracts on Wednesday, according to preliminary readings from the CME Group. On the other hand, volume resumed its upward trend and rose by some 53,400 contracts, partially offsetting the previous drop. Natural Gas remains supported around $7.50 Natural gas […]
Oil Futures: Downside Correction?
Taking into account the advanced publications of CME Group for the markets of oil futures crude oil, traders trimmed their open interest positions by almost 5,000 contracts on Wednesday, marking the second straight daily decline. Volume, on the other hand, increased for the second consecutive session, now by more than 61,000 contracts. WTI seems capped […]
Gold Futures: Further losses not ruled out
Open interest in gold futures markets rose for the second straight session on Wednesday, this time by more than 5,000 contracts according to preliminary readings from the CME Group. Volume, on the other hand, reversed four consecutive daily increases and fell by some 34,700 contracts. Gold: Next support at $1,721 Gold prices fell on Wednesday […]
Crude Oil Futures: Bounce in the offing?
Taking into account the advanced figures from CME Group for the crude oil futures markets, traders reduced their open interest positions by about 6,700 contracts on Wednesday, further extending the downward trend in place since June 7. Volume instead increased by around 113,200 contracts and partially reversed the earlier pullback. WTI: The $100 level should […]
USD/JPY: Expectations Diminish to Test 135.00 Level – UOB
A visit to the key barrier of 135.00 in USD/JPY seems to have lost some momentum lately, UOB Group currency strategists Lee Sue Ann and Quek Ser Leang suggest. Key comments 24 hour view: “Our expectations of ‘further USD/JPY strength’ failed to materialize as it fell as low as 133.27 before bouncing to close little […]
Oil futures: Rally could take a breather soon
Taking into account the advanced data from CME Group for the crude oil futures markets, the iOpen interest dropped for the first time since May 25this time in about 32,800 contracts. Volume, on the other hand, increased for the second consecutive sessionnow standing at about 284,300 contracts. WTI: Pause Before New Gains? Tuesday’s decent advance […]
GBP/USD: Risks remain tilted to the downside – UOB
The GBP/USD could continue to decline and revisit the 1.2200 area in the coming weeks, FX strategists at UOBGroup Lee Sue Ann and Quek Ser Leang. 24 hour outlook: “Yesterday we highlighted that the move was likely part of a consolidation and we expected the pound to trade between 1.2280 and 1.2410. Although our view […]