 Home > Chemicals Industry > Petrochemical News > The outlook for crude oil futures is positive

The outlook for crude oil futures is positive

 Last Update: 2023-03-15
 Source: Internet
 Author: User

Tags

calculate column volume

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On Wednesday (Jan.
12), open positions in the crude oil futures market continued the upward trend since the start of the new year, this time around 226,000 open
positions, according to CME Group flash data, FXstreet reported.
Volume followed with an increase of about 467,000 contracts, reaching the second consecutive rising trading day
.

West Texas Intermediate crude is currently at overbought levels, with prices rising further, stabilizing the $80 a barrel mark
.
In the case of open positions and increased volume, the door
is opened for continued higher.
Despite some caution, the RSI is close to 70.
0
as the commodity moves closer to the overbought zone.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Dibromoneopentyl Glycol

CAS No.: 3296-90-0

Industrial Grade

$10/KG EXW

Base oil for lubricating oil

CAS No.: 8002-05-9

Different Grade

$0.1/KG EXW

1,3:2,4-Di-p-methylbenzylidene sorbitol

CAS No.: 54686-97-4

Industrial Grade / pharmaceutical grade

$1/MT EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

announcements today(81)

80 20 company(94)

united states logo(227)

single use technology(195)

healthy food name(42)

ups united states(221)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.