Open interest in gold futures markets shrank for the second session in a row on Tuesday, this time by just 281 contracts according to preliminary readings from CME Group. Volume followed suit and went down by around 5.4K contracts and partially reversed the previous daily build. Gold remains capped by the 200-day SMA Gold prices added […]

CME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions for the fourth session in a row on Monday, now by around 28.3K contracts. Volume followed suit and retreated by around 125.7K contracts, reversing the previous daily build. WTI: Initial support emerges just below $79.00 Monday’s marked pullback […]

WTI crude oil remains on the back foot for the second consecutive day, down 0.40% intraday near $79.85 heading into Tuesday’s European session. In doing so, black gold bears the burden of the market’s risk-off mood while ignoring the downbeat US Dollar. That said, the impending bear cross on the MACD weigh on the WTI crude oil […]

CME Group’s flash data for gold futures markets saw traders increase their open interest positions by around 1.5K contracts on Friday, resuming the uptrend following the previous daily pullback. Volume, instead, kept the choppy trade and shrank by around 38.3K contracts. Gold: Solid support emerged just below $1900 Friday’s inconclusive price action in gold was on the […]