Crude Oil Futures: Room for extra gains

Pablo Piovano FXStreet

CME Group’s flash data for crude oil futures markets noted open interest extended the uptrend for yet another session on Monday, this time by around 25.6K contracts. In the same line, volume rose for the second session in a row, now by around 135.3K contracts.

WTI on its way to $70.00

Prices of the WTI clinched new 2021 highs just below the $69.00 mark on Tuesday. The move was in tandem with rising open interest and volume and opens the door to the continuation of the uptrend to, initially, the key barrier at the $70.00 mark per barrel in the short-term horizon.

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.

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.