WTI appears capped by $70.00 Commodities
this time by around 11.4K contracts. In the same direction, volume went down by around 109.1K contracts, partially reversing the sharp build seen in the previous session.Wednesday’s rebound from the vicinity of the $67.00 region came along diminishing open interest and volume, suggesting that a meaningful move higher in
appears out of favour in the very near term at least. In the meantime, the $70.00 region per barrel seems to be quite a decent resistance zone.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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