Crude Oil Futures: Further losses in store near term

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Crude Oil Futures: Further losses in store near term Oil Commodities Energy OpenInterest Futures

he second consecutive daily build. On the other hand, volume remained erratic and went down by nearly 66K contracts.started the week on the back foot amidst increasing open interest, which is indicative that further decline appears favoured in the very near term. There is an interim support at the 55-day SMA at $77.51, while the upside remains limited by the area above the $80.00 mark per barrel.Information on these pages contains forward-looking statements that involve risks and uncertainties.

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