It was a very slow start to todays session with March’24 largely unchanged through the early morning, apathy clearly growing considering the uninspiring performance this week. Of course, there will always be interest from the day traders in trying to generate a move, and they duly arrived on the scene midway through the morning to push March’24 up to 27.32, though given the lack of resting sell orders that move felt poorly supported and it was to be expected that the price tracked lower again soon afterwards. There was no fresh appetite to do anything form the Americas and so the afternoon saw prices track along quietly within the range, appearing set for an inside day until a small burst of selling sent the price a tick beneath yesterdays low at 27.00. Much like the morning “rally” there was no hint of follow up interest to this move and so then status quo quickly resumed with the market idling towards the weekend. Even the spreads couldn’t find much volume today with the March/May’24 maintaining a tight 4-point band before ending the session unchanged at 1.31 points. March’24 was little changed once again, settling at 27.18 to taker us into a much-needed weekend. 
March’24 has struggled to find any direction following the Dec’23 expiration and that situation showed no sign of changing today as prices ticked along on familiar ground. A morning nudge up to $737.60 was all we had to show from some light speculative efforts and with volume becoming lower by the day it is difficult to see where the next move comes from pending fresh news. Ordinarily the Americas day would bring a little more activity to the environment but here too there is limited interest and so the sideways pattern endured, with a small dip to $731.00 not challenging yesterdays lows and so presenting the likelihood of an inside day. Even the spreads could not muster any real interest, and with less than an hour of the session remaining March/May’23 had seen fewer that 300 lots change hands. The only question was whether any pre-weekend posturing may bring some late interest, and a little buying did emerge to send values out at the highs, closing at $736.60.
