$MAGMA 15-minute contract open interest increased by 4.61%; during the same period, the price rose by 12.73%.
Let’s break down this figure.
When both buyers and sellers open new positions, open interest rises; when both sides close positions, it falls; when one side opens a position and the other closes one, open interest remains unchanged.
Learning to read indicators isn’t difficult. The hard part is sticking to the rules when the market is at its most volatile.
Markets can change in an instant, so make your own independent judgments.
Let’s break down this figure.
When both buyers and sellers open new positions, open interest rises; when both sides close positions, it falls; when one side opens a position and the other closes one, open interest remains unchanged.
Learning to read indicators isn’t difficult. The hard part is sticking to the rules when the market is at its most volatile.
Markets can change in an instant, so make your own independent judgments.
