$RSR 1-hour contract open interest rose 215.55%, with a value of about $8.13 million; the price was up 51.11% over the same period.
Let’s use this data to talk about open interest.
Every open contract has both a long and a short position behind it, so open interest itself is neither bullish nor bearish. The total number of long and short positions in the market is always equal.
A record high in open interest is not inherently bullish or bearish; it simply means more positions have been opened and disagreement between bulls and bears has increased.
Leave enough room in your contract positions—don’t let one sudden swing force you out of the trade.
#RSR
Let’s use this data to talk about open interest.
Every open contract has both a long and a short position behind it, so open interest itself is neither bullish nor bearish. The total number of long and short positions in the market is always equal.
A record high in open interest is not inherently bullish or bearish; it simply means more positions have been opened and disagreement between bulls and bears has increased.
Leave enough room in your contract positions—don’t let one sudden swing force you out of the trade.
#RSR