Traders scaled back their open interest positions by almost 5.4K contracts on Friday, reaching the second drop in a row in light of preliminary figures from CME Group. In the same direction, volume extended the downtrend for the third consecutive session, this time by nearly 86K contracts. WTI looks beyond $30.00/bbl Prices of the WTI keep edging higher on Monday, finally managing to surpass the critical hurdle at the $30.00 mark per barrel. However, shrinking open interest and volume could undermine the current rally and trigger a near-term correction. 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 ECB’s Lane: Unlikely economic activity will return to pre-crisis level before 2021 FX Street 2 years Traders scaled back their open interest positions by almost 5.4K contracts on Friday, reaching the second drop in a row in light of preliminary figures from CME Group. In the same direction, volume extended the downtrend for the third consecutive session, this time by nearly 86K contracts. WTI looks beyond $30.00/bbl Prices of the WTI keep edging higher on Monday, finally managing to surpass the critical hurdle at the $30.00 mark per barrel. However, shrinking open interest and volume could undermine the current rally and trigger a near-term correction. 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.
