Indicator Notes | $ONG | 1-hour open interest +15.23% | Price -3.48%
First, a definition: Open interest is not capital inflow. An increase in open interest only means there are more open positions in the contracts; it doesn’t tell you whose capital is involved or which direction it’s betting on.
How to read it: This tracks changes in the number of open contracts. Price fluctuations alone won’t change this figure, so it reflects actual opening and closing activity.
Don’t change your usual pace just because of a number, and don’t use borrowed money to test a hunch.
First, a definition: Open interest is not capital inflow. An increase in open interest only means there are more open positions in the contracts; it doesn’t tell you whose capital is involved or which direction it’s betting on.
How to read it: This tracks changes in the number of open contracts. Price fluctuations alone won’t change this figure, so it reflects actual opening and closing activity.
Don’t change your usual pace just because of a number, and don’t use borrowed money to test a hunch.