- Analytics
- News and Tools
- Market News
- Crude Oil Futures: Further decline not ruled out
Crude Oil Futures: Further decline not ruled out
Open interest in crude oil futures markets shrank by around 5.8K contracts on Friday, reversing the previous daily build according to preliminary readings from CME Group. Volume followed suit and dropped for the second consecutive session, now by nearly 178K contracts.
WTI: Next on the downside comes $80.00
Prices of the WTI charted and inconclusive session at the end of last week around the $85.00 mark and amidst shrinking open interest and volume. That said, the lack of direction is expected to prevail in the very near term, while the $80.00 mark emerges as the next target of note on the downside.
© 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
