What does $JCT ’s position reveal? Open interest over the past 24 hours: -18.21%; price: +5.7%; funds on the venue: about $21.75 million.
My take: it looks more like shorts are closing out, with buybacks possibly driving the price up. Once the short covering is over, the question is whether new longs will step in.
Would you dare to trade in this market?
#JCT
My take: it looks more like shorts are closing out, with buybacks possibly driving the price up. Once the short covering is over, the question is whether new longs will step in.
Would you dare to trade in this market?
#JCT