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Crude Oil Futures: Extra recovery in the pipeline

According to preliminary figures for crude oil futures markets, traders increased their open interest positions for the sixth session in a row on Wednesday, this time by around 53.1K contracts. In the same line, volume went up by nearly 281.6K contracts. Extending the erratic performance.

WTI looks supported just below $20.00

Prices of the WTI look to have met some decent contention in the sub-$20.00 area so far. Rising open interest and volume coupled with Wednesday’s positive price action opens the door to the continuation of the recovery, at least in the short-term horizon and with the interim target at last week’s highs just above the $25.00 mark per barrel.

EUR/USD: 1.0900 is the initial target – OCBC

The EUR/USD tested 1.0900, before bouncing higher towards the 1.0950 as relative macro arguments should continue to weigh on the EUR, according to FX
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Gold turns higher for the second straight session, lacks follow-through

Gold spiked to fresh session tops in the last hour, with bulls still awaiting a sustained move beyond the $1600 round-figure mark. Following the previ
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