CRUDE OIL FUTURES: RECOVERY FACES SOME HEADWINDS NEAR TERM

avatar
· 閱讀量 69



Open interest in crude oil futures extended the downtrend on Monday and dropped by around 3.9K contracts according to preliminary readings from CME Group. Volume, instead, increased by around 4.1K contracts after two consecutive daily pullbacks.


WTI seems to have entered a consolidative phase

Monday’s decent gains in prices of the WTI were amidst shrinking open interest and a small increase in volume and is indicative that the continuation of the rebound seems out of favour in the very near term. That said, the price action around the commodity could face some near-term consolidation around the $70.00 region for the time being.

風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest