$US 1-hour open interest increased by 5.57%, while the price rose by 1.61%.
Rising prices with rising open interest suggest bulls are adding positions aggressively; falling prices with rising open interest suggest bears are active. When the price is flat but open interest rises, the market is often gearing up for a big move.
Structurally, this move needs to be considered alongside the daily chart; short-term anomalies often reverse.
Markets change in an instant, so don’t rush to conclusions.
Rising prices with rising open interest suggest bulls are adding positions aggressively; falling prices with rising open interest suggest bears are active. When the price is flat but open interest rises, the market is often gearing up for a big move.
Structurally, this move needs to be considered alongside the daily chart; short-term anomalies often reverse.
Markets change in an instant, so don’t rush to conclusions.