$ICNT 15-minute open interest rose 5.02%, while the price climbed 3.13%.
A decline in open interest usually means positions are being closed, while an increase means new money is entering. The price action that follows can differ considerably in each case.
Technically, this move should be viewed in the context of the daily chart structure, as short-term fluctuations can easily be reversed.
A decline in open interest usually means positions are being closed, while an increase means new money is entering. The price action that follows can differ considerably in each case.
Technically, this move should be viewed in the context of the daily chart structure, as short-term fluctuations can easily be reversed.