It's important to ensure that heavier volume is taking place in the direction of the prevailing trend. In an uptrend, heavier volume should be seen on up days. Rising open interest confirms that new money is supporting the prevailing trend. Declining open interest is often a warning that the trend is near completion. A solid price uptrend should be accompanied by rising volume and rising open interest.
Technical analysis is a skill that improves with experience and study.
Always be a student and keep learning. Futures and options trading involves risk and is not suitable for everyone. Commission rates and fees vary. Examples and descriptions are not intended to serve as advice and cannot be the basis for any claim. While every effort has been made to ensure the accuracy of the material contained in the book, neither author or publisher can be held liable for errors or omissions.