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OI from yesterday
Posted by Tango
on January 9, 2020, 7:26 am
The OI has not been providing many clues as it has been increasing in a down market. For this COT marking period, H KC was down 7.30 and the total open interest was up 6,613. Spreads have been relatively active and may be concealing the true outright activity. On the surface, the increase in the OI indicates new buying, probably commercial, and new selling by specs. This would be a friendly signal. Yesterday’s OI was mostly flat which may be as a result if new buying long liquidation.