Open interest in Copper futures markets rose by almost 1.4K contracts on Thursday in light of flash readings from CME Group. Volume, instead, shrunk for the second straight session, this time by nearly 17.6K contracts. Copper: Recovery is seen losing momentum The rebound in prices of the pound of the base metal is expected to run out of some steam in the near-term following Thursday’s negative price action in tandem with rising open interest. The persistent decline in volume, however, carries the potential to limit the extension of the correction lower. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crude Oil Futures: Potential for further weakness FX Street 2 years Open interest in Copper futures markets rose by almost 1.4K contracts on Thursday in light of flash readings from CME Group. Volume, instead, shrunk for the second straight session, this time by nearly 17.6K contracts. Copper: Recovery is seen losing momentum The rebound in prices of the pound of the base metal is expected to run out of some steam in the near-term following Thursday’s negative price action in tandem with rising open interest. The persistent decline in volume, however, carries the potential to limit the extension of the correction lower. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
