$BTW Futures market recap: Over the past 24 hours, open interest fell by a net 12.15%, while price rose 3.16%. The value of open interest is about $73.03 million.
Who’s more on the back foot? It may be the shorts here—falling open interest alongside rising prices likely means short positions are being covered. Once the closing is done, the market could lose momentum if no new long positions step in.
Have you ever been caught out by a sudden wick?
Who’s more on the back foot? It may be the shorts here—falling open interest alongside rising prices likely means short positions are being covered. Once the closing is done, the market could lose momentum if no new long positions step in.
Have you ever been caught out by a sudden wick?