Crude Oil Futures: A deeper retracement looks not favoured

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Crude Oil Futures: A deeper retracement looks not favoured
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Crude Oil Futures: A deeper retracement looks not favoured By pabspiovano Oil Commodities Energy OpenInterest Futures

cts on Thursday after three daily builds in a row. Volume followed suit and dropped by around 4.1K contracts.extended the leg lower on Thursday amidst shrinking open interest and volume, indicative that a deeper drop appears not favoured at least in the very near term. In the meantime, the next support of relevance emerges at the March low at $93.51 .

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