Crude Oil Futures: Correction in the offing? By pabspiovano Oil Commodities Energy OpenInterest Futures
.6K contracts. On the other hand, volume reversed three daily builds in a row and dropped by around 140.5K contracts.remains well and sound. Friday’s brief test and subsequent pullback from tops past the $93.00 mark was on the back of rising open interest, which could favour further retracement in the very near term. The ongoing overbought condition of the commodity also adds to the idea of a corrective move.
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