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Crude Oil Futures: Extra downside stays on the cards

In light of advanced data for crude oil futures markets from CME Group, open interest rose by almost 46.7K contracts on Friday. On the other hand, volume resumed the downside and retreated by 36.7K contracts.

WTI remains weak around $20.00

Prices of the barrel of the West Texas Intermediate are trading in fresh 2020 lows around the $20.00 mark. Rising open interest amidst the current decline opens the door for extra pullbacks in the short-term horizon, while the downtick in volume could spark some consolidation in the near term as well.

USD/CHF clings to modest recovery gains, around 0.9560-65 region

The USD/CHF pair rallied around 60-65 pips from the Asian session lows and is currently placed near the top end of its daily trading range, around the
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GBP/USD: Key pivotal point at 1.2500

The GBP/USD pair stalled its recent strong bullish momentum just ahead of the 1.2500 round-figure mark. Haresh Menghani, an analyst at FXStreet, takes
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