About 13 hours ago, 3 contracts were bullish in the morning. So far, 0 have played out: 2 are caught in a tug-of-war, and 1 has fizzled out.
Review of the initial watchlist: positions are being built up.
BLUR: Caught in a tug-of-war; the morning bullish signal has yet to develop into a sustained one-way move.
Since the initial alert, the price has risen just 0.56%, while open interest has increased 7.96%. This suggests positions are building, but the price has yet to move decisively in tandem.
Aggressive buyers have regained the upper hand, but the price still needs to follow through to confirm the trend.
FET: Caught in a tug-of-war; the morning bullish signal failed to hold.
Since the initial alert, the price has fallen 0.77%, while open interest has increased just 0.73%. The new positions have done little to push the price higher.
The aggressive buy/sell ratio fell from 1.10 to 0.85, putting sellers back in control and weakening confirmation of further upside.
PLUME: Fizzled out; the morning bullish signal failed to play out.
Since the initial alert, the price has fallen 6.28%, while open interest has also declined 9.86%, signaling weakening momentum and positions being closed.
The aggressive buy ratio has now risen to 1.48, but that is not enough to offset the contrary signal from the simultaneous declines in price and open interest.
Next, watch whether the price can resume moving in the bullish direction, with open interest and aggressive buying continuing to provide support.
If the price still cannot move higher, or open interest continues to fall, this set of morning bullish theses will need to be reassessed.
Contract data compiled with the assistance of Claude Fable 5. For informational purposes only; please verify independently.
Review of the initial watchlist: positions are being built up.
BLUR: Caught in a tug-of-war; the morning bullish signal has yet to develop into a sustained one-way move.
Since the initial alert, the price has risen just 0.56%, while open interest has increased 7.96%. This suggests positions are building, but the price has yet to move decisively in tandem.
Aggressive buyers have regained the upper hand, but the price still needs to follow through to confirm the trend.
FET: Caught in a tug-of-war; the morning bullish signal failed to hold.
Since the initial alert, the price has fallen 0.77%, while open interest has increased just 0.73%. The new positions have done little to push the price higher.
The aggressive buy/sell ratio fell from 1.10 to 0.85, putting sellers back in control and weakening confirmation of further upside.
PLUME: Fizzled out; the morning bullish signal failed to play out.
Since the initial alert, the price has fallen 6.28%, while open interest has also declined 9.86%, signaling weakening momentum and positions being closed.
The aggressive buy ratio has now risen to 1.48, but that is not enough to offset the contrary signal from the simultaneous declines in price and open interest.
Next, watch whether the price can resume moving in the bullish direction, with open interest and aggressive buying continuing to provide support.
If the price still cannot move higher, or open interest continues to fall, this set of morning bullish theses will need to be reassessed.
Contract data compiled with the assistance of Claude Fable 5. For informational purposes only; please verify independently.