What does $BR ’s position reveal? Over the past 24 hours, positions are down 15.23%, the price is up 29.53%, and open interest is around $14.19 million.
My take: it looks more like shorts are closing, with buying from short covering likely driving the price up. Once the short covering ends, the question is whether new longs will step in.
Have you ever been caught by a wick?
My take: it looks more like shorts are closing, with buying from short covering likely driving the price up. Once the short covering ends, the question is whether new longs will step in.
Have you ever been caught by a wick?