divider
divider
divider
blog
divider
divider
Español
divider

divider


Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
We are in the process of migrating to a new and improved website to better serve you. In the meantime, some pages will continue to reside on the old site layout as others are moved to the new layout. Please bear with us as we make this transition.
resources
Check Out Our New Ads
You Can Rely On Us.

- View All -

In Our Words

"With experience in new accounts, margins and accounting, I know my way around the "back office". Ours is fully integrated, which enhances our customer's trading experience."

– Amanda Kuhlemeier
Back Office Specialist

Amanda Kuhlemeier, Back Office Specialist
dt Newsletter Sign-Up
First Name:*
Last Name:*
Email:*
 
 
Commodity Futures Newsletter
Free Offers & Trials

Register for Your Free 2-Week Trial of the dt Insider Market Advisory!

Insider Market Advisory
View all free trials & offers

Open Interest

Interactive Chart Study List
Bollinger Bands Commodity Channel Index Crack Spread
Crush Spread Directional Movement Index Envelope
Exponential Moving Average Exponential Oscillator Highest High/Lowest Low
High/Low Moving Average Historic Volatility Keltner Channel
Least Squares Linear Regression Line Oscillator Momentum
Moving Average Moving Average Convergence / Divergence Moving Standard Deviation
Open Interest Oscillator Parabolic Stop and Reversal
Rate of Change Relative Strength Index Slow Stochastic
Smoothed Moving Average Smoothed Oscillator Stochastic
Variable Moving Average Volume Volume and Open Interest
Weighted Close Williams’ Percent R  

SPECIAL OFFER: Futures Traders’ Guide to the WASDE

Futures Traders’ Guide to the WASDE

Improve Your Understanding of the Grain Markets!

With this guide, you will learn how to use these fundamental reports to forecast the price of Corn, Soybeans and Wheat. Now that the markets are open during the release of the WASDE, understanding how this very important USDA report can impact the markets is as critical as ever.

Download Now!


Open Interest shows the number of open contracts of a given option or futures contract.  An open contract can be a long or short contract that has not been exercised, closed out, or allowed to expire.  Open Interest is only available if your rate data contains an OI field with current Open Interest values.

Futures Trader

Futures Trader’s Guide to Technical Analysis

Designed exclusively for futures traders, this comprehensive guide will help you unravel the mysteries around technical trading. The guide includes definitions for over 25 techniques used by commodity futures traders worldwide.


Get Your Guide Now


Interpretation

It is important to remember that a futures contract always involves a buyer and a seller, who are represented by one unit of open interest.  When the buyer initiates the long position and a seller a short one, a new contract is created and open interest increases.  When the buyer sells a long position and the seller covers a short position, open interest decreases as existing contracts are liquidated.

When used on its own, open interest shows only the liquidity of a contract or market.  On the other hand, analysts prefer combining the open interest study with volume in order to obtain more precise clues to the flow of money in and out of the market.  When both open interest and volume increase in values, the current trend is verified.  Decreasing values of open interest and volume may indicate an end to the current trend.

Open Interest is not currently applicable for Intraday charts and will never be applicable for Tick charts, due to the nature of the data.

Literature

Le Beau C., Lucas D.  W.  Computer Analysis of the Futures Market.  1992.

Murphy, John J.  The Visual Investor.  New York, NY:  John Wiley & Sons, Inc.  1996.

Kaufman, Perry J.  The Commodity Trading Systems & Methods.  NY:  John Wiley & Sons, Inc.  1978.

Murphy, John J.  Technical Analysis of the Futures Markets.  New York Institute of Finance.  Englewood Cliffs, NJ.  1986.

Back to:  Technical Analysis Learning Center | Futures Quotes + Charts

Content Source:  FutureSource