$US -hour open interest rose 420.71%, while the price climbed 3.95%.
Open interest only becomes meaningful when viewed alongside price; changes in open interest alone make it difficult to determine the direction.
I use the range-bound zone before the unusual move as the dividing line: it only counts if the price holds outside the range.
Open interest only becomes meaningful when viewed alongside price; changes in open interest alone make it difficult to determine the direction.
I use the range-bound zone before the unusual move as the dividing line: it only counts if the price holds outside the range.