$Lobster futures market recap: Over the past 24 hours, open interest fell 10.92% while the price rose 18.05%, putting the value of open interest at approximately $22.98 million.
Who’s more on the back foot? It may be the shorts: falling open interest alongside rising prices usually means short positions are being covered and closed. Once that covering is done, the rally may lose steam if there aren’t new longs stepping in.
Which side are you on?
This is for informational purposes only and does not constitute investment advice.
Who’s more on the back foot? It may be the shorts: falling open interest alongside rising prices usually means short positions are being covered and closed. Once that covering is done, the rally may lose steam if there aren’t new longs stepping in.
Which side are you on?
This is for informational purposes only and does not constitute investment advice.