$WLD This move has some substance. 15m volume surged to 1.68x, pushing above the upper boundary of nearly 20 5m ranges. OI’s abnormal percentile hit 94.4%, and the change in notional value across the whole pool ranked 9th—new leveraged longs are entering, not just a flimsy short squeeze.
But the aggressive trade delta is -1.8% and the buy/sell ratio is 0.96. Price has risen, but aggressive buyers haven’t followed through, so keep that in mind. 1h OI is still negative, and the short-term move has been sharp—don’t chase the spike.
24h trading volume is 220 million, so liquidity is sufficient. My take: wait for a pullback and confirmation; don’t get carried away.
But the aggressive trade delta is -1.8% and the buy/sell ratio is 0.96. Price has risen, but aggressive buyers haven’t followed through, so keep that in mind. 1h OI is still negative, and the short-term move has been sharp—don’t chase the spike.
24h trading volume is 220 million, so liquidity is sufficient. My take: wait for a pullback and confirmation; don’t get carried away.