Stock Infographics

Open Interest of various commodities

DonkeyStock
Publish date: Fri, 26 Aug 2022, 02:04 PM
Visual content on financial market and investment trends

By checking out the Open Interest of various commodities, we can roughly gauge their price trend.

As Open Interest increases, more money is moving into the futures contract and vice versa. Open Interest represents the total number of open contracts and volume is the total number of contracts that have changed hands in a one-day trading session. It is important that observe the relationship between open interest and volume. By using open interest, traders are able to forecast the trends and momentum opportunities, and also augur the market timing on trades. According to the theoretical base, rising in volume and open interest reveal the continued movement up or down. In other words, when the volume and open interest decline, the theory perceived that the momentum and movement are decelerating, and the direction of prices will soon reverse.

We can see the Open Interest in natural gas is still at a high range, maybe due to the natural gas supply shortage in Europe while the Open Interest for WTI oil and soybean oil has diminished.



WTI Oil
https://www.isquareintelligence.com/insights/commodities_wti_crude_oil_futures_data

Natural Gas https://www.isquareintelligence.com/insights/commodities_natural_gas_futures_data

Wheat https://www.isquareintelligence.com/insights/commodities_soft_red_winter_srw_wheat_futures_data 

Corn https://www.isquareintelligence.com/insights/commodities_corn_futures_data

​​Soybean 
https://www.isquareintelligence.com/insights/commodities_soybean_futures_data

Soybean Oil https://www.isquareintelligence.com/insights/commodities_soybean_oil_futures_data


Source:iSquare

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