Before the expiration of physical delivery or cash delivery, investors can voluntarily decide to buy and sell futures contracts according to market conditions and personal wishes. However, investors (bulls or bears) hold futures contracts without performing reverse operations (selling or buying) in the same delivery month and quantity, which is called "holding positions".
In the futures operation of gold and other commodities, whether buying or selling, all new positions are called opening positions. After the operator opens a position, he holds a position in his hand, which is called a position.
Extended data:
For the algorithm of opening positions, calculate according to your understanding in China. The increase in positions represents the inflow of funds into the futures market, and vice versa. The impact on the price should be analyzed together with the volume.
1. The increase in trading volume and positions and the rise in prices indicate that prices may continue to rise.
2. The decrease in trading volume and positions and the increase in prices indicate that prices will rise in the short term and will fall back soon.
3. The increase of trading volume, the decrease of positions and the rise of prices indicate that prices will fall immediately.
4. Volume and positions increase, prices fall, and prices may fall in the short term.
5. Trading volume and positions decrease, and prices fall, and prices will continue to fall in the short term.
6. With the increase of trading volume, positions and prices drop, and prices may rise.
Baidu Encyclopedia-Position Cost