CME Group’s preliminary prints for Crude Oil futures markets noted open interest shrunk by nearly 14.7K contracts on Wednesday following five daily builds in a row. On the other hand, volume went up for the third consecutive session, this time by around 233.6K contracts. WTI looks to surpass the 200-day SMA at $40.30 Prices of the WTI managed to close above the key $40.00 mark per barrel on Wednesday. The uptick, however, was amidst shrinking open interest, indicative that a correction lower could be in the offing in the short-term horizon. Looking at the broader picture, crude oil prices need to clear the 200-day SMA around $40.30 to allow for the continuation of the recovery. 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/CAD: Probes weekly top beyond 1.3200, bulls in command FX Street 1 year CME Group’s preliminary prints for Crude Oil futures markets noted open interest shrunk by nearly 14.7K contracts on Wednesday following five daily builds in a row. On the other hand, volume went up for the third consecutive session, this time by around 233.6K contracts. WTI looks to surpass the 200-day SMA at $40.30 Prices of the WTI managed to close above the key $40.00 mark per barrel on Wednesday. The uptick, however, was amidst shrinking open interest, indicative that a correction lower could be in the offing in the short-term horizon. Looking at the broader picture, crude oil prices need… 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.
