Does high trading volume mean strong buying pressure?
Not necessarily.
SHELL’s 24-hour volume in aggregated data for November 6–7 was recorded at around USD 2.4–2.6 million on the Spot market.
Volume shows how much trading is taking place, but it doesn’t by itself indicate whether buyers or sellers are in control.
A session with high volume can still end with a price decline if selling pressure is greater.
Therefore, volume should be considered alongside price movements and order book depth.
#SHELL #TradingVolume #MarketAnalysis
Not necessarily.
SHELL’s 24-hour volume in aggregated data for November 6–7 was recorded at around USD 2.4–2.6 million on the Spot market.
Volume shows how much trading is taking place, but it doesn’t by itself indicate whether buyers or sellers are in control.
A session with high volume can still end with a price decline if selling pressure is greater.
Therefore, volume should be considered alongside price movements and order book depth.
#SHELL #TradingVolume #MarketAnalysis