Open Interest (OI) and Short Covering.
Please could you elaborate the term OI with respect to the addition of new open contracts. OI can increase due to new longs or new shorts. How to know that the addition in OI is due to opening of new shorts or new longs.
Also, pleas could you explain with an example, the meaning of 'Short Covering', because of which the market goes up.
Posted by Guest Posted on : 19-Jul-2014
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