Crude Oil Futures: Consolidative mood remains well in place
CME Group’s flash data for Crude Oil futures markets noted open interest and volume extended the downtrend for yet another session on Wednesday, shrinking by nearly 7K contracts and by around 18.9K contracts, respectively.
WTI still capped by $44.00
There is no change in the broad consolidation theme around prices of the West Texas Intermediate, which remain side-lined around the 200-day SMA ($41.97) and still below the $44.00 barrier per barrel for the time being.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.