Understanding Price, Volume and Open Interest
"It is important to understand that the commodity price chart only records the data. In itself, it has little value. By monitoring the price trend, volume and open interest the technician is better able to gauge the buying or selling pressure behind market moves. This information can be used to confirm a price move or warn that a price move is not to be trusted. This will provide you with valuable information to develop a suitable pricing strategy and an appropriate production-marketing plan for your farming [or futures] operation."
Source: Understanding Price, Volume and Open Interest
"It is important to understand that the commodity price chart only records the data. In itself, it has little value. By monitoring the price trend, volume and open interest the technician is better able to gauge the buying or selling pressure behind market moves. This information can be used to confirm a price move or warn that a price move is not to be trusted. This will provide you with valuable information to develop a suitable pricing strategy and an appropriate production-marketing plan for your farming [or futures] operation."
| Price | Volume | Open Interest | Interpretation |
| Rising | Rising | Rising | Market is Strong |
| Rising | Falling | Falling | Market is Weakening |
| Falling | Rising | Rising | Market is Weak |
| Falling | Falling | Falling | Market is Strengthening |
Source: Understanding Price, Volume and Open Interest