Crude Oil Futures: Extra upside could lose momentum

ve daily builds on Monday. Volume followed suit and shrank for the third straight session, now by nearly 90K contracts.rose for the third session in a row at the beginning of the week. The daily uptick, however, was amidst dwindling open interest and volume and hints at the idea that the continuation of the upside might face some headwinds in the very near term. So far, there are provisional barriers at the 55- and 100-day SMAs at $75.43 and $76.54, respectively.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Source: Financial Digest (financialdigest.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crude Oil Futures: Scope for extra gainsCME Group’s flash data for crude oil futures markets noted traders increased their open interest positions for the second session in a row on Friday,
Source: FXStreetNews - 🏆 14. / 72 Read more »

Gold Futures: Extra gains appear in storeConsidering advanced prints from CME Group for gold futures markets, open interest resumed the upside and went up by around 6.2K contracts on Monday,
Source: FXStreetNews - 🏆 14. / 72 Read more »

Extra Extra: The dog show has taken center courtBecause the Westminster Kennel Club Dog Show has moved from MSG to the home of the U.S. Open, here are your end-of-day links: Jordan Neely's family calls for Daniel Penny's imprisonment, Elizabeth Holmes is at the beach, Sum 41 becomes another casualty of society and more.
Source: Gothamist - 🏆 456. / 53 Read more »

Oil production cuts by OPEC+ could impact prices this weekLast week's demand-side fears did not incentivize a move higher for crude oil prices.
Source: HoustonChron - 🏆 609. / 51 Read more »

Russia's cheap crude sends OPEC's market share in India to record lowRussia's cheap crude sends OPEC's market share in India to a record low
Source: BusinessInsider - 🏆 729. / 51 Read more »

Shiba Inu Competitor Floki Inu Joins Binance FuturesBinance Futures has added further credibility to meme-based cryptocurrency Floki Inu by launching perpetual contract for Shiba Inu competitor
Source: Utoday_en - 🏆 295. / 63 Read more »