#Understanding #Open Interest #OpenInterest #Analysis For #future Forex Trading Volume Data
Channel: Abdul Rahman AwaN 
Date: 27/02/2021

Gold Daily Volume Open Intrest Data  link 
all Information or Data  CME Group 

https://www.cmegroup.com/market-data/browse-data/metals-volume.html?redirect=/market-data/volume-open-interest/metals-volume.html


Gold Daily Volume Open Intrest Data  link 
all Information or Data  CME Group 

https://www.cmegroup.com/market-data/browse-data/metals-volume.html?redirect=/market-data/volume-open-interest/metals-volume.html

#OpenInterest  #TrendStrength
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Open interest is also used as an indicator of trend strength. Since rising open interest represents additional money and interest coming into a market, it is generally interpreted to be an indication that the existing market trend is gaining momentum or is likely to continue.
For example, if the trend is rising for the price of the underlying asset such as a stock, increasing open interest tends to favor a continuation of that trend. The same concept applies to downtrends. When the stock price is declining, and open interest is increasing, open interest supports further price declines 

high open interest indicates that a large number of traders have taken active positions in a derivatives contract. If open interest increases over time, that means that new traders are entering positions, and money is likely entering the market. If open interest declines over time, that is a sign that traders are starting to close their positions.

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 #and #Open #Interest
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