$ACE The move in the early hours was a bit interesting. It rose 1.13% in 15 minutes, with volume jumping to more than 1.9 times the usual level, and the closing price also broke above the upper edge of the last 20 five-minute candles.
But it doesn’t really look like aggressive buying from incremental funds; it feels more like shorts covering on the run — OI actually dipped slightly, and the notional contract change wasn’t significant, a typical sign of position replenishment. Active trading was off by 6.3%, with buying pressure slightly dominant, but not by a landslide.
This thing is currently near its own historical extreme range, and its abnormality ranking across the whole pool is 6th, so attention is definitely there. The only question is sustainability. A short-term push higher is fine, but if it really wants to form a trend, OI needs to turn back up and break higher again; otherwise, it’s just a one-off move.
#ACE
But it doesn’t really look like aggressive buying from incremental funds; it feels more like shorts covering on the run — OI actually dipped slightly, and the notional contract change wasn’t significant, a typical sign of position replenishment. Active trading was off by 6.3%, with buying pressure slightly dominant, but not by a landslide.
This thing is currently near its own historical extreme range, and its abnormality ranking across the whole pool is 6th, so attention is definitely there. The only question is sustainability. A short-term push higher is fine, but if it really wants to form a trend, OI needs to turn back up and break higher again; otherwise, it’s just a one-off move.
#ACE