$BAT 15-minute open interest increased by 7.71%, while the price rose 0.42%.
Changes in open interest reflect the positioning of capital in futures contracts, not actual buying pressure; the two should be considered separately.
After a sharp move, the market usually enters a period of consolidation. The way it consolidates can affect the direction of the next move.
This may not be accurate, so make your own judgment.
Changes in open interest reflect the positioning of capital in futures contracts, not actual buying pressure; the two should be considered separately.
After a sharp move, the market usually enters a period of consolidation. The way it consolidates can affect the direction of the next move.
This may not be accurate, so make your own judgment.