Crude Oil Futures Market Sees Resumed Downtrend as Open Interest and Volume Decline

Introduction The crude oil futures market witnessed a resumption of its downtrend on Thursday, as open interest experienced a decline of approximately 11.6K contracts. This decline was followed by a significant reduction in volume, shrinking by around 41.6K contracts after a sharp daily build. These developments signal a noteworthy shift.

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Natural Gas Prices Experience Third Consecutive Decline, Facing Initial Hurdles at $2.60 per MMBtu

Introduction Natural gas prices witnessed a decline for the third consecutive session on Thursday, highlighting a bearish trend in the market. This downward movement coincided with a slight uptick in open interest and diminishing trading volume. Despite these developments, the broader market remains in a consolidative phase, with prices now.

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WTI Crude Oil Exhibits Volatility Amidst USD and Risk Appetite Shifts: Nonfarm Payrolls Report Takes Center Stage

Introduction The WTI crude oil market experienced a turbulent day in New York trade on Friday, as prices displayed a lack of clear direction, fluctuating between $71.24 and $72.36. The primary driving factors behind this volatility were the movements of the US Dollar and shifts in risk appetite. These changes.

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Gold Price Consolidates Above $1,900 Mark: Commerzbank Economists Weigh In

Introduction The gold market has recently witnessed a stabilization in prices above the crucial $1,900 mark. This development has prompted economists at Commerzbank, a leading financial institution, to delve into an in-depth analysis of the precious metal’s outlook. In this article, we explore their insights and discuss potential factors driving.

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Silver Price Analysis: Medium and Long-Term Bearish Outlook for XAG/USD

Introduction Silver, a precious metal known for its industrial applications and role as a safe haven asset, is currently experiencing a trading range between $22.6165 and $23.1545 against the US dollar (XAG/USD). This article delves into a comprehensive technical analysis to shed light on the medium and long-term outlook for.

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WTI Crude Oil Consolidates Near $71.80 Amid Cautious Market Sentiment Ahead of US Employment Data

Introduction WTI crude oil prices experienced mild losses on Friday morning in Asia, trading near $71.80 per barrel. The market exhibited a cautious mood as investors eagerly awaited the release of the highly anticipated US employment data. This article examines the factors contributing to the current sluggishness in the energy.

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Gold Prices Face Short-Term Decline as Open Interest Rises, Targeting June Low at $1893/oz

Introduction Gold prices have continued their corrective decline, with increasing open interest indicating the possibility of further losses in the short-term horizon. Investors and market analysts are closely monitoring the precious metal’s performance as it faces potential downward pressure. Notably, the immediate contention area lies at the June low of.

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Silver Price Sees Volatility Around $22.70 Amid Investor Anticipation for US Nonfarm Payrolls

Introduction The silver market is currently witnessing volatility, with the XAG/USD price displaying back-and-forth movements in the early London session. At around $22.70, the white metal is struggling to find a clear direction as investors eagerly await the release of the highly anticipated United States Nonfarm Payrolls (NFP) data. This.

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Crude Oil Futures Market Witness Decline in Open Interest and Volume”

Introduction The crude oil futures market faced a significant shift on Thursday as both open interest and volume experienced a noticeable decline. Open interest, which represents the number of outstanding contracts, resumed its downtrend, decreasing by approximately 11.6 thousand contracts. Volume, closely correlated with market liquidity, followed suit and shrank.

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Natural Gas Prices Experience Third Consecutive Drop Amidst Consolidative Phase

Introduction The natural gas market experienced a significant decline for the third consecutive session on Thursday, as prices faced initial contention around the $2.60 mark per MMBtu. Despite a small increase in open interest, diminishing volume indicates a consolidation phase in the commodity’s pricing. In this article, we will explore.

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WTI Crude Oil Inches Higher, Maintaining One-Week Rising Trend Channel

WTI crude oil is experiencing a mild gain, hovering around $72.00 per barrel in early Thursday trading in Europe. Despite struggling to refresh a two-week high, the black gold continues to trade within a rising trend channel that has been in place for the past week. Investors and traders are.

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Crude Oil Futures Market Shows Promising Signs of Recovery: Open Interest and Volume Exhibit Positive Trend

Open Interest Reverses Downtrend, Surges by Approximately 4.3K Contracts The crude oil futures market witnessed a noteworthy turnaround on Wednesday as open interest, a key indicator of market sentiment and participant involvement, reversed its multi-session downtrend. With an impressive surge of around 4.3K contracts, market participants displayed renewed interest and.

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