Before the expiration of physical delivery or cash delivery, investors can voluntarily decide to buy and sell futures contracts according to market conditions and personal wishes. However, investors (bulls or bears) hold futures contracts without performing reverse operations (selling or buying) with the same delivery month and quantity. This operation is called "holding positions". In the futures operation of gold and other commodities, whether buying or selling, all new positions are called opening positions. After the operator opens a position, he holds a position in his hand, which is called a position.
For the algorithm of opening positions, it is calculated in China. The increase in positions represents the inflow of funds into the futures market, and vice versa. The impact on the price should be analyzed together with the volume.
rise in price
1: The increase in trading volume and positions and the rise in prices indicate that prices may continue to rise.
2. The decrease in trading volume and positions and the increase in prices indicate that prices will rise in the short term and will fall back soon.
3. Volume increases, positions decrease and prices rise, which indicates that prices will fall immediately.
price falling
4. Volume and positions increase, prices fall, and prices may fall in the short term.
5. Trading volume and positions decrease, prices fall, and prices will continue to fall in the short term.
6. As the turnover increases, the positions and prices fall, and the prices may rise.