$BMT 1-hour open interest rose 8.08%, while the price rose 6.74%.
Unusual changes in open interest signal that futures traders are taking a position. Whether spot buyers follow suit determines how solid the market move is.
Signals are more reliable when multiple timeframes point in the same direction; exercise extra caution when larger and smaller timeframes diverge.
Unusual changes in open interest signal that futures traders are taking a position. Whether spot buyers follow suit determines how solid the market move is.
Signals are more reliable when multiple timeframes point in the same direction; exercise extra caution when larger and smaller timeframes diverge.