Crude Oil Futures: Room for further gains

Considering advanced figures from CME Group for crude oil futures markets, open interest went up by just 30 contracts after two straight daily drops on Tuesday. In the same line, volume increased for the second session in a row, this time by around 184.4K contracts.

WTI now looks at the 200-day SMA

Prices of the WTI kept the positive tone on Tuesday and surpassed the $81.00 mark per barrel amidst increasing open interest and volume, opening the door to the continuation of the uptrend in the very near term and with the immediate target at the 200-day SMA at $83.26.