Extended data:
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. In the analysis of futures graphic technology, it is very important to cooperate with each other in volume and position. 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.
In China's futures market, open position refers to the sum of positions bought and sold before open position, which generally refers to the sum of contracts with different buying and selling directions, so it is generally even;
Continuous positions in foreign futures markets refer to the total open positions accumulated by all traders at the close of the day, which is the sum of unilateral buying or selling, not the sum of both sides, so the positions are all odd and even;
In China's financial futures trading, the Shanghai and Shenzhen 300 index futures also adopt the way of unilateral summation, so the positions are also odd and even.
For investors, their position is naturally clear. The total position of the whole market is actually there. In the market information released by the exchange, there is a column of "total positions", which refers to the total number of "open positions" of all investors in futures contracts. Traders keep opening and closing positions in the process of trading, so the total position is constantly changing. As the total position becomes larger or smaller, it reflects the market's interest in the contract and becomes an indicator that investors are very concerned about. If the total positions increase all the way, it shows that both long and short sides are building positions, market traders are more and more interested in contracts, and more and more funds are pouring into contract transactions; On the contrary, when the total position decreases all the way, it shows that both long and short positions are closing positions and traders' interest in the contract is declining. On the other hand, when the volume increases, the total position changes little, indicating that the transaction is mainly based on changing hands.