Crude Oil Futures: Further retracement is out of favour By pabspiovano Oil Commodities Energy OpenInterest Futures
on Wednesday, extending the downtrend for yet another session. On the other hand, volume reversed three daily drops in a row and went up by around 268.2K contracts.dropped moderately on Wednesday in tandem with shrinking open interest. Against that, the continuation of the leg lower appears limited and should meet decent contention in the area of recent lows near the $92.00 mark per barrel. On the upside, Monday’s high past $109.00 emerges as the immediate hurdle.
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