Let’s check the top 3 gainers from this morning: whether price and open interest are moving in the same direction is the only signal we’re watching in this review.
#AGT delivered.
Since its debut, the price has continued climbing, up 10.52%, while open interest rose in tandem by 38.73% to 24.076 million. The active buy/sell ratio climbed to 1.03.
#SIREN has stalled; #ICNT has stalled.
Since its debut, SIREN has pulled back 17.95%, with open interest down 26.60% to 12.0832 million. ICNT has pulled back 5.27%, while open interest rose just 3.51% to 3.2413 million. The risk of a pullback from these highs still warrants attention.
The key thing to watch is whether price and open interest continue moving in the same direction.
If AGT’s price weakens and open interest stops growing, this bullish signal is invalidated. If SIREN and ICNT fail to find a floor, expanding trading volume alone does not mean the pullback is over.
#FuturesReview
Futures data compiled with the assistance of Claude Fable 5. For informational purposes only; please verify independently.
#AGT delivered.
Since its debut, the price has continued climbing, up 10.52%, while open interest rose in tandem by 38.73% to 24.076 million. The active buy/sell ratio climbed to 1.03.
#SIREN has stalled; #ICNT has stalled.
Since its debut, SIREN has pulled back 17.95%, with open interest down 26.60% to 12.0832 million. ICNT has pulled back 5.27%, while open interest rose just 3.51% to 3.2413 million. The risk of a pullback from these highs still warrants attention.
The key thing to watch is whether price and open interest continue moving in the same direction.
If AGT’s price weakens and open interest stops growing, this bullish signal is invalidated. If SIREN and ICNT fail to find a floor, expanding trading volume alone does not mean the pullback is over.
#FuturesReview
Futures data compiled with the assistance of Claude Fable 5. For informational purposes only; please verify independently.