Crude Oil Futures: Scope for a deeper retracement

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Crude Oil Futures: Scope for a deeper retracement – by pabspiovano Oil Commodities Energy OpenInterest Futures

consecutive daily build at the same time. In the same line, volume went up by around 130.3K contracts after two daily drops in a row.was on the back of increasing open interest and volume, opening the door to the continuation of the leg lower in the very near term. Against that, the next target of note for the commodity is seen at the weekly low at $82.10 per barrel .

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