Traders scaled back their open interest positions for the second day in a row on Thursday, this time by almost 1.5K contracts according to preliminary data from CME Group. Volume followed suit and extended the downtrend for the third straight session, now by nearly 73.5K contracts. WTI: Potential near-term bottom? Prices of the barrel of WTI appear to have carved a short-term base in the $49.30 region (February 4th). The recovery, however, stalled in the $52.00 region so far. Declining open interest and volume coupled with inconclusive price action opens the door for some consolidative mood in the short-term at least. 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 USD/JPY: rangebound likely between 108.30-110.30 – UOB FX Street 2 years Traders scaled back their open interest positions for the second day in a row on Thursday, this time by almost 1.5K contracts according to preliminary data from CME Group. Volume followed suit and extended the downtrend for the third straight session, now by nearly 73.5K contracts. WTI: Potential near-term bottom? Prices of the barrel of WTI appear to have carved a short-term base in the $49.30 region (February 4th). The recovery, however, stalled in the $52.00 region so far. Declining open interest and volume coupled with inconclusive price action opens the door for some consolidative mood in the short-term at… 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.
