- Analytics
- News and Tools
- Market News
- Crude Oil Futures: Some consolidation should not be ruled out
Crude Oil Futures: Some consolidation should not be ruled out
Considering preliminary readings from CME Group, traders added around 21.2K contracts to their open interest positions on Wednesday. Volume, instead, went down for the second session in a row, this time by 140.5K contracts.
WTI faces initial support around $95.30
Crude oil prices charted an inconclusive session on Wednesday. The price action was accompanied by rising open interest, which could be indicative that the commodity might face some consolidative mood in the very near term. Immediately to the downside, WTI should find support arouund recent lows in the $95.30 region (April 25).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
