1. Open position: refers to the ratio of the market value (amount) of money held by investors to the total investment. In the futures market, open position refers to the sum of positions bought (or sold) before open position, and generally refers to the sum of open contracts in the buying and selling directions, also known as order quantity, which is generally even. By analyzing the change of positions, we can analyze the size, change and renewal of long and short forces in the market, thus becoming one of the technical analysis indexes different from stock investment.

2. In the technical analysis of futures graphs, the cooperation between trading volume and positions is very important. A correct understanding of the relationship between trading volume and position change can help us grasp the combination of graphic K-line analysis more accurately and help us understand the market language more deeply.

3. Open position: The auxiliary indicator for judging the trend is the unique concept of the futures market, which refers to the number of open positions of a contract at a certain point in time. Similar to the circulating share capital in the stock market, but there are more circulating shares. The first-hand contract corresponds to both parties, and the position statistics are unilateral and bilateral. The positions in China commodity futures market are counted bilaterally, while the stock index futures market is counted unilaterally.

4. The increase in positions indicates that funds are flowing into the market, and the differences between long and short sides on price trends are increasing; The decrease in positions indicates that funds are losing, and the trading interests of both long and short sides are declining. In theory, the positions in the futures market are infinite, especially in the case of "forced positions", which often create huge amounts.

5. The relationship between positions and prices is mainly reflected in the following aspects: in the upward trend, the increase of positions is a steady upward trend signal, while the decrease of positions means that prices may fluctuate or even fall later; In the downward trend, as long as there is no obvious decline in positions, it is a bearish signal.

6. In fact, positions represent market sentiment. After the divergence accompanied the price movement to a certain extent, the result gradually became clear, and the trend of loss or profit-making parties leaving the market ended; If the positions increase greatly during the horizontal consolidation of the market, once there is an upward or downward price breakthrough, the subsequent price movement will be very intense.