Crude Oil Futures: Further retracement looks short-lived By pabspiovano Oil Commodities Energy OpenInterest Futures
cording the first daily drop since the beginning of the year. Volume extended the erratic performance and went up by around 26.3K contracts.closed Wednesday’s session in the red territory amidst shrinking open interest. Against that, occasional bouts of weakness are seen as temporary and corrective only. The resumption of the uptrend should target the round level at $90.00 in the relatively short-term horizon.
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