CRUDE OIL FUTURES: DIMINISHING BETS FOR A SUSTAINED DECLINE

avatar
· 阅读量 41


Considering advanced prints from CME Group for crude oil futures markets, open interest dropped for the 5th consecutive session on Tuesday, now by around 8.4K contracts. Volume followed suit and went down by around 87.4K contracts.

WTI: A minor contention emerges around $70.00

Prices of the WTI appears to have moved into a consolidative phase so far this week. Tuesday’s negative price action was accompanied by shrinking open interest and volume and is indicative that the continuation of the downtrend looks out of favour for the time being. So far, the $70.00 mark per barrel should act as an initial contention zone

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
回复 0

暂无评论,立马抢沙发

  • tradingContest