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31 May 2021

Crude Oil Futures: Probable retracement near-term

CME Group’s flash data for crude oil futures markets noted open interest extended the uptrend for yet another session on Friday, this time by nearly 11K contracts. Volume, followed suit and went up markedly by around 284K contracts after two daily pullbacks in a row.

WTI still looks to $68.00

Friday’s pullback in prices of the WTI was accompanied by increasing open interest and volume, allowing for further decline in the very near-term. Once the correction is over, crude oil prices are expected to resume the upside to, initially, the 2021 highs near the $68.00 mark per barrel.

 

May 31, 2021

USD/INR Price News: Indian rupee stays firmer around two-month top below 72.50

USD/INR holds lower ground near 72.36, down 0.05% intraday, amid the initial Indian session on Monday. The Indian rupee (INR) pair dropped the most si
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May 31, 2021

GBP/USD: Further gains seen above 1.4235 – UOB

FX Strategists at UOB Group noted Cable’s upside is predicted to gather further steam above the 1.4235 level. Key Quotes 24-hour view: “Our expectatio
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