$US 1-hour contract open interest rose by 5.57%, with an open interest value of approximately $24.58 million; the price rose 1.61% over the same period.
A burning question from beginners: What is open interest?
Open interest and trading volume are two different things: trading volume measures how much has changed hands over a period of time, while open interest measures how many contracts remain open at this moment.
A new high in open interest is neither bullish nor bearish in itself. It simply means more money is being committed and the two sides are competing more fiercely.
With leveraged trading, first consider whether you can bear the worst-case outcome, then think about what the signals are saying.
There can be big swings, so manage your position size carefully.
A burning question from beginners: What is open interest?
Open interest and trading volume are two different things: trading volume measures how much has changed hands over a period of time, while open interest measures how many contracts remain open at this moment.
A new high in open interest is neither bullish nor bearish in itself. It simply means more money is being committed and the two sides are competing more fiercely.
With leveraged trading, first consider whether you can bear the worst-case outcome, then think about what the signals are saying.
There can be big swings, so manage your position size carefully.