Traders scaled back their open interest positions for the fourth consecutive session on Tuesday, this time by around 36.5K contracts in light of flash readings from CME Group. In the same line, volume resumed the downtrend and went down by almost 363.5K contracts. WTI faces a potential correction The recent sharp recovery in prices of the barrel of WTI appears to have met strong resistance in the $32.00 mark for the time being. Tuesday’s drop in open interest and volume hints at the likeliness that a probable correction could be in the offing, with the potential target in the $24.00 mark per barrel. 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 AUD/USD is now focused on 0.6600 – UOB FX Street 2 years Traders scaled back their open interest positions for the fourth consecutive session on Tuesday, this time by around 36.5K contracts in light of flash readings from CME Group. In the same line, volume resumed the downtrend and went down by almost 363.5K contracts. WTI faces a potential correction The recent sharp recovery in prices of the barrel of WTI appears to have met strong resistance in the $32.00 mark for the time being. Tuesday’s drop in open interest and volume hints at the likeliness that a probable correction could be in the offing, with the potential target in the $24.00… Top 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.
