Crude Oil Futures: Extra consolidation seems likely By pabspiovano Oil Commodities Energy OpenInterest Futures
g the uptrend for the sixth day in a row. Volume followed suit and went up by around 155.2K contracts, keeping the choppy activity unchanged so far.charted an inconclusive session on Wednesday in tandem with rising open interest and volume, indicative that further consolidation remains in the pipeline at least in the very near term. In the meantime, occasional bullish attempts remain capped by the recent 7-year highs past the $93.00 mark per barrel.
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