Crude Oil Futures: Further rangebound on the cards

Pablo Piovano FXStreet

CME Group’s advanced prints for Crude Oil futures markets noted open interest dropped marginally by 446 contracts on Tuesday. In the same line, volume extended the downtrend for yet another session, this time by around 96.7K contracts.

WTI looks consolidative ahead of the OPEC+ meeting

Prices of the WTI edged lower on Tuesday amidst shrinking open interest and volume, leaving further declines unlikely and favouring instead the continuation of the consolidative mood around current levels in the very near-term.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

GBP/USD off highs, back to 1.3620

GBP/USD remains slightly on the defensive at the end of the week, receding to the low 1.3600s after hitting fresh tops past 1.3670 earlier in the day. Cable’s correction comes after two daily gains in a row and amid a tepid advance in the Greenback, while poor UK data also accompany the downside.

EUR/USD treads water below 1.1700

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Gold keeps rallying toward $4,700, fresh three-month highs

Gold extends its last week's stellar performance into Asian trading on Monday, refreshing three-month highs beyond $4,600. The precious metal capitalizes on persistent US Dollar weakness, following the US Treasury's buyback plan amid fresh US-Canada trade tensions.

I thought newly launched meme coins were my ticket to wealth: Here's what actually happened

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US Dollar Weekly Forecast: Enter Jackson, mind the (budget) Hole

It was not geopolitics, the US-Japan joint FX intervention to support the beleaguered Japanese currency or the omnipresent bets on what the Federal Reserve (Fed) might do in the second half of the year that kept the US Dollar (USD) well on the back foot over the past five days.

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