What does $BTW 's position reveal? Over the past 24 hours, its position is down 17.07%, the price is up 3.16%, and open interest is around $73.06 million.
My take: shorts are probably closing out, and the price is likely being pushed up by their buybacks. Once the short covering winds down, we’ll see whether new longs are willing to step in.
Do you trade futures much?
Stay rational, and don’t get carried away.
My take: shorts are probably closing out, and the price is likely being pushed up by their buybacks. Once the short covering winds down, we’ll see whether new longs are willing to step in.
Do you trade futures much?
Stay rational, and don’t get carried away.