I am bullish on this for three reasons:
1) A close above ascending triangle with a decent volume and a close above it signals a good upside run from here.
2) Price increase with an increasing open interest indicates a long build up
3) A gap open a few days ago which hasn't been tested.
Good luck.
1) A close above ascending triangle with a decent volume and a close above it signals a good upside run from here.
2) Price increase with an increasing open interest indicates a long build up
3) A gap open a few days ago which hasn't been tested.
Good luck.