Divergence between oil price and open interest
7 Jan, 2022
Category: Energy
Tags: Crude Oil,Open Interest,Divergence
The price and volume of crude oil is not showing the same signal recently
The oil prices had slowly climbed back to USD 80 per barrel recently. However, when we take a look at the open interest of crude oil futures, we found out that the open interest is declining steadily.
A declining open interest means funds are flowing out from this market instead of flowing in.
Divergence had occurred between the price and volume. Trade at your own risk.
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