Crude Oil Futures: Extra gains are not favoured Oil Commodities Energy OpenInterest Futures
ive daily builds on Monday. In the same line, volume remained choppy and dropped by around 13.6K contracts.rebounded strongly and closed above the key $70.00 mark per barrel at the beginning of the week. The uptick, however, was on the back of declining open interest and volume and is indicative that further upside is not favoured in the very near term. In the meantime, the next up barrier comes at the interim 55-day SMA, today at $76.28.
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