Intraday observation: $Q 15-minute open interest increased by 6.13%, currently around $9.89 million; the price rose 14.78% over the same period.
Funds flow into futures contracts quickly, and often pull out just as fast. When a rally is driven by rising open interest, its staying power is questionable.
In a highly volatile market, manage risk first.
Funds flow into futures contracts quickly, and often pull out just as fast. When a rally is driven by rising open interest, its staying power is questionable.
In a highly volatile market, manage risk first.