Raw petroleum Futures: Rising wagers for additional decay

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CME Group’s blaze information for raw petroleum prospects markets noted open revenue rose by around 5.5K agreements on Wednesday, continuing the upswing following Tuesday’s drop. In a similar line, volume offset the past pullback and went up by around 147.6K agreements.

WTI could speed up misfortunes beneath $90.00

Costs of the WTI increased the leg lower on Wednesday and stayed ready to challenge the $90.00 mark in the near future. This view is supported by the scenery of rising open interest and volume and uncovered further misfortunes in the exceptionally close to term.

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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