Considering advanced prints from CME Group for crude oil futures markets, open interest extended the downtrend on Thursday, this time diminishing by around 16.7K contracts. Volume, instead, increased for the third consecutive session, now by nearly 186K contracts.
WTI: Next on the downside comes $70.00Prices of WTI plummeted to the vicinity of the $72.00 region per barrel on Thursday. The sharp pullback was in tandem with shrinking open interest and is indicative that a deeper retracement seems not favored in the very near term. On the downside, the next contention area is expected at the $70.00 zone.
More By This Author:Natural Gas Futures: Extra Losses On The Table Gold Futures: Further Gains In The Pipeline EUR/USD Price Analysis: Further Gains Retarget 1.0945
Related Posts
Mozambique Bonds Crash On Plans To Restructure After Government Admits Nation In “Debt Distress”
Atlanta Fed GDPNow +2.8% Vs. New York Fed Nowcast +1.2%
4 costly issues you should prepare your business for
E
USD/CHF In A Temporary Correction; More Upside In View
Forex Ranking, Rating And Score For July 2017
Why You Should Be Avoiding Healthcare Service Stocks Right Now
Leave A Comment