Crude Oil Futures: Further retracements look not favoured – by pabspiovano Oil Energy Commodities OpenInterest Futures
two consecutive daily builds. On the other hand, volume went up for the second straight session, now by around 144.2K contracts.charted a substantial drop on Wednesday and returned to the sub-$80.00 region. The downtick of the commodity was accompanied by shrinking open interest, which removes strength from prospects for extra losses in the very near term. In the meantime, there is a decent contention around the 200-day SMA, today at $76.55 per barrel.
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