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Crude Oil Futures: downside looks unabated

Traders added around 8.3K contracts to their open interest positions on Wednesday, reversing two consecutive pullbacks. Volume, instead, prolonged the choppiness and shrunk  by around 115.3K contracts.

WTI now eyes $55.00/bbl and below

Prices of the WTI remain under heavy selling pressure and are already trading in fresh 2020 lows in sub-$56.00 levels, some $10/bbl lower than early January tops. Wednesday’s drop was on the back of rising open interest, leaving the bearish view intact for the time being and allowing for extra losses to, initially, late November low at $54.77.

EU’s Gentiloni: EU can do a trade deal if UK keeps level playing field

The European Union (EU) Economic Commissioner Paolo Gentiloni said on Thursday, the EU is ready to seal in a trade deal with post-Brexit UK should Lon
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EUR/CHF stays offered below 1.0836 – Commerzbank

In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the bearish view on the cross is seen unchanged while below 1.08
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