Considering advanced prints from CME Group for crude oil futures markets, open interest rose by around 19.5K contracts after three consecutive daily pullbacks on Tuesday. Volume followed suit and went up by nearly 20K contracts, reversing at the same time three straight daily drops. WTI: Next target emerges near $95.00 Prices of WTI charted decent gains on […]

Natural Gas prices are facing challenges on the demand side as a mild fall kicks off the last two seasons in Europe. In several parts of Europe,  temperatures are still above 20 degrees Celsius, not demanding households to open up the heating. With this delay and the European gas provisions for the winter still near full […]

Considering advanced readings from CME Group for natural gas futures markets, open interest went up by around 5.1K contracts after two consecutive daily pullbacks on Wednesday. In the same line, volume rose by around 18K contracts, reversing two consecutive daily builds. Natural Gas: Immediate support comes at $2.60 Wednesday’s downtick in prices of natural gas was on […]

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.45 so far on Wednesday. WTI prices lose momentum after hitting the highest level since November 2022 of $93.75. WTI prices face some selling pressure due to profit-taking by traders ahead of the Federal Reserve (Fed) interest rate decision. The Fed is widely expected […]

Open interest in crude oil futures markets shrank for the second straight session on Thursday, this time by almost 5K contracts according to preliminary readings from CME Group. On the other hand, volume resumed the uptrend and rose by nearly 32K contracts, reversing the previous daily decline. WTI: Next up-barrier sits near $93.70 The sharp uptrend […]