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CME Group’s flash data for crude oil futures markets noted traders added around 4.3K contracts to their open interest positions on Tuesday, reaching the second build in a row. Volume followed suit and went up by around 76.2K contracts, reversing at the same time three consecutive daily retracements. WTI: Next on the upside comes $119.
Gold closed Tuesday below the rising trendline support at $1,820.25, confirming a two-week old pennant breakdown. $1,800 – two steps away, FXStreet’s Dhwani Mehta reports. Buyers need to recapture $1,822 “Gold cracks the critical support line at $1,820.25. The downside break opens floors towards the $1,800 threshold.
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