Crude Oil Futures: Rally could face some resistance near term – by pabspiovano Oil Commodities Energy OpenInterest Futures
reversing the previous daily build. Volume followed suit and dropped by around 231.2K contracts after three consecutive daily builds.advanced further on Friday, although this time the uptick was in tandem with diminishing open interest and volume. That said, further upside in the commodity is expected to struggle to advance further in the very near term, while it keeps the upside target unchanged at the YTD peak at $83.49 .
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