Gold Futures: Rebound looks limited
Share: Open interest in gold futures markets dropped for the fourth session in a row on Tuesday, this time by just 785 contracts according to preliminary readings from CME Group. Volume, instead, resumed the uptrend and went up by around 16.2K contracts. Gold remains supported around $1860 Gold prices edged higher and extended […]
Room for extra losses near term
Considering advanced figures from CME Group for crude oil futures markets, traders added around 16.4K contracts to their open interest positions on Tuesday, clinching the third consecutive daily advance. On the other hand, volume resumed the downtrend and dropped by around 133.6K contracts. WTI faces a minor support near $78.00 Prices of the WTI started […]
Extra losses appear favoured in the short term
CME Group’s flash data for natural gas futures markets showed another daily build in open interest on Tuesday, now by around 16.6K contracts. On the other direction, volume shrank by nearly 60K contracts, extending the ongoing choppiness. Natural Gas: Key support emerges at $3.50 Tuesday’s marked retracement in prices of the natural gas was in […]