HKMEX Open Interest Plunges While Prices/Volume Soar. Your thoughts?
not an expert, but if the buyers have leaned back and folded their arms while the price goes up :
1) They are positioned and will sell when price meets perceived value.
2) They intend to drive price to perceived value, and test higher levels while doing so.
3) They are short and will run the stops when the signal is given.
4) strong hands and commercial users planning on taking delivery perhaps?
Nobody knows how it's going to end. Below we see the same action take place at SHFE.