Crude Oil Futures: Rebound could extend further

Pablo Piovano FXStreet

CME Group’s flash data for crude oil futures markets noted traders added around 13.3K contracts to their open interest positions on Wednesday, reaching the second consecutive daily build. In the same line, volume rose for the third straight session, now by around 45.2K contracts.

WTI keeps targeting the $90.00 region

Wednesday’s gains in prices of the WTI came amidst increasing open interest and volume, opening the door to the continuation of the recent uptrend and with the next hurdle at the $90.00 mark per barrel.

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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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.