others
Door open for further losses – Crypto News
CME Group’s flash data for crude oil futures markets noted traders increased their open interest positions by around 2.3K contracts on Wednesday. In the same line, volume added to the previous daily build and went up by around 105.2K contracts.
WTI: A drop to the 2023 low is not ruled out
Prices of wti dropped markedly on Wednesday amid increasing open interest and volume, paving the way for potential additional pullbacks in the very near term. Against that, there is still room for a probable retracement to the 2023 low of $63.61 per barrel (May 4).
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