Open interest is the number of contracts that are trading for a particular commodity. The basic rules for open interest are similar to those for volume. They are as follows:
Price open interest interpretation
Rising Up Bullish
Risi Down Bearish
Declining Up Bearish
Declining Down Bullish
Expanding, open interest in an uptrend represents aggressive new buying and is bullish. On the other hand, expanding open interest in a downtrend represents aggressive new short selling and is bearish.
Declining open interest in an uptrend represents short covering, not new buying, and is bearish. However, declining open interest in a downtrend suggests the liquidation of losing long positions and is bullish.
sumber: The Technical Analysis Course
sumber: The Technical Analysis Course
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