According to flash figures from CME Group for Crude Oil futures markets, traders trimmed their open interest positions for yet another session on Thursday, this time by around 15.5K contracts. Volume, instead, rose by around 14.7K contracts, reversing the previous drop. WTI seen struggling around $56.40 Prices of the WTI charted a ‘doji-like’ day on Thursday, fading the uptick to fresh tops above the $54.00 mark per barrel. The continuation of the downtrend in open interest amidst the current recovery notes that the upside momentum could run out of steam in the near-term. That said, rallies should find solid resistance in the $56.40 region, where sits the 200-day SMA. 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 EUR/USD remains depressed FX Street 2 years According to flash figures from CME Group for Crude Oil futures markets, traders trimmed their open interest positions for yet another session on Thursday, this time by around 15.5K contracts. Volume, instead, rose by around 14.7K contracts, reversing the previous drop. WTI seen struggling around $56.40 Prices of the WTI charted a ‘doji-like’ day on Thursday, fading the uptick to fresh tops above the $54.00 mark per barrel. The continuation of the downtrend in open interest amidst the current recovery notes that the upside momentum could run out of steam in the near-term. That said, rallies should find solid resistance in… 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.
