The nearest expiration date for NATIONAL ALUMINUM FUTURES is Dec 26, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell NATIONAL ALUMINUM FUTURES before Dec 26, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For NATIONAL ALUMINUM FUTURES this number is 71.25 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for NATIONAL ALUMINUM FUTURES shows that traders are closing their positions, which means a weakening trend.