Traders scaled back their open interest positions in crude oil futures markets by around 32.5K contracts on Monday, resuming the downside following Friday’s uptick. On the other hand, volume went up by more than 93K contracts following two daily drops in a row. WTI: Solid support emerges around $36.00 The barrel of WTI dropped and tested the vicinity of the $38.00 mark at the beginning of the week, just to rebound afterwards. The negative performance in the commodity was amidst declining open interest, signalling that a deeper pullback looks somewhat unlikely for the time being. The next support of relevance in case the downside picks up pace is at the monthly lows in the $36.00 zone 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 NZD/USD: The focus is now on the 0.6600 region – UOB FX Street 1 year Traders scaled back their open interest positions in crude oil futures markets by around 32.5K contracts on Monday, resuming the downside following Friday’s uptick. On the other hand, volume went up by more than 93K contracts following two daily drops in a row. WTI: Solid support emerges around $36.00 The barrel of WTI dropped and tested the vicinity of the $38.00 mark at the beginning of the week, just to rebound afterwards. The negative performance in the commodity was amidst declining open interest, signalling that a deeper pullback looks somewhat unlikely for the time being. The next support of relevance… 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.
