Q: $JCT 24-hour open interest fell 11.9%, while the price rose 11.4%. What does this mean?
A: This rally seems to be driven more by short covering; for now, there’s no sign of new money coming in. Short covering eventually runs its course, so whether the move can continue depends on whether new money enters next.
#JCT
Just a quick note. Make your own decisions about buying and selling.
A: This rally seems to be driven more by short covering; for now, there’s no sign of new money coming in. Short covering eventually runs its course, so whether the move can continue depends on whether new money enters next.
#JCT
Just a quick note. Make your own decisions about buying and selling.