Crude Oil Futures: A corrective bounce appears on the cards Oil Commodities Energy OpenInterest Futures
behind five consecutive daily builds. Volume, instead, increased for the second session in a row, this time by around 73.1K contracts.dropped markedly and printed new 2023 lows near $70.80 on Tuesday. The acute pullback, however, was on the back of dwindling open interest and opens the door to a probable rebound in the very near term. The bearish view in the commodity maintains a potential drop to the $70.00 mark for the time being.
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