Crude Oil Futures: Door open to a near-term rebound – by pabspiovano Oil Commodities Energy OpenInterest Futures
rsing two daily builds in a row at the same time. Volume, on the other hand, kept the choppiness unchanged and rose by nearly 432K contracts.charted an inconclusive session on Monday, reversing an initial drop to new 2022 lows. The move was amidst shrinking open interest and a marked build in volume, exposing a probable bounce in the very near term while not ruling out further weakness in the longer run. On the latter, the $70.00 mark per barrel emerges as the immediate support.
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