$MET This 15-minute move is kind of interesting—it's up 2.32%, and the volume directly surged to more than 7x. The volatility Z is 3.13, which clearly isn't a normal pattern. More importantly, OI is also rising: the 15-minute contract is up +1.30%, and the 1-hour is up +0.88%. Price and open interest are moving upward in sync, which looks more like new leveraged longs entering and chasing the breakout.
The aggressive trade imbalance is up 22.6%, buy/sell ratio is 1.58—aggressive buying is clearly overpowering sell pressure. Combined with closing above the upper edge of the 20-candle range on the breakout, the short-term directional bias is pretty strong. Also, this thing has an unusually high percentile rising to 99.6%—the whole pool abnormal #2, nominal change #25. It's sitting near an extreme region in recent history, and the funds really do seem to be piling in here.
Short-term sentiment is bullish, but with such extreme percentile plus expanded volume, chasing too fast could also trigger profit-taking selloffs. Let's see if it can hold above the upper edge of the breakout range.
The aggressive trade imbalance is up 22.6%, buy/sell ratio is 1.58—aggressive buying is clearly overpowering sell pressure. Combined with closing above the upper edge of the 20-candle range on the breakout, the short-term directional bias is pretty strong. Also, this thing has an unusually high percentile rising to 99.6%—the whole pool abnormal #2, nominal change #25. It's sitting near an extreme region in recent history, and the funds really do seem to be piling in here.
Short-term sentiment is bullish, but with such extreme percentile plus expanded volume, chasing too fast could also trigger profit-taking selloffs. Let's see if it can hold above the upper edge of the breakout range.