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FXMAG>Articles>Commodities>Further Gains Of WTI Crude Oil Lie Ahead
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Dollar Holds Gains Amid Market Divergence; Oil Rises on Iran Sanctions, Central Banks in Focus

Dollar Holds Gains Amid Market Divergence; Oil Rises on Iran Sanctions, Central Banks in Focus

Further Gains Of WTI Crude Oil Lie Ahead

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Further Gains Of WTI Crude Oil Lie Ahead| FXMAG.COM
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  1. WTI targets $80.00 and above

    Considering advanced prints from CME Group for crude oil futures markets, open interest rose by around 5.8K contracts after four consecutive daily pullbacks. Volume followed suit and rose for the second straight session, this time by around 56.2K contracts.

    WTI targets $80.00 and above

    Prices of the WTI look to extend the weekly recovery amidst Wednesday’s rising open interest and volume, suggesting that further gains lie ahead in the very near term. Against that, the next target of note aligns at the February high near $80.60 (February 13).

    further gains of wti crude oil lie ahead grafika numer 1 ✕further gains of wti crude oil lie ahead grafika numer 1

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