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John Wang
in
Futures
April 27 18:55

Crude oil goes through another correction

Traders believe in the pullback.
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Investors have lowered the open interest trading positions in Crude. The cautious tactic dominates the market for fifth session straight. 
This last shortening cuts about 17900 contracts. The situation is covered by the CME Group.

The April 24 session of WTI experienced a rally, following a reduction of trading volume, as well as open interest. Most traders support the belief in an upcoming pullback.