Over $APR 1 hours, open interest rose 15.51%, while the price fell 8.28%.
Funds flow into futures contracts quickly, and they usually leave just as fast. The sustainability of a price move driven by rising open interest is questionable.
I’ll use the consolidation range before the unusual move as a reference: only a sustained break beyond the range counts.
Funds flow into futures contracts quickly, and they usually leave just as fast. The sustainability of a price move driven by rising open interest is questionable.
I’ll use the consolidation range before the unusual move as a reference: only a sustained break beyond the range counts.