Crude Oil Futures: A sustained retracement appears unlikely

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Crude Oil Futures: A sustained retracement appears unlikely Oil Commodities Energy OpenInterest Futures

his time by around 11.2K contracts. In the same line, volume partially reversed the previous daily build and shrank by around 14.4K contracts.resumed the downtrend on Tuesday amidst dwindling open interest and volume, which hints at the likelihood that a convincing decline seems out of favour for the time being. That said, the next support of note for the commodity remains at the YTD low at $72.30 .

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Futures: Scope for extra declineConsidering advanced figures from CME Group for gold futures markets, open interest increased by nearly 47K contracts on Tuesday after three consecuti
Source: FXStreetNews - 🏆 14. / 72 Read more »