Today No.11 H4, opened at 22.73, at the same level of yesterday’s settlement. Early trading volatility brought market down to 22.50 but recovery was soon seen near 22.75. Low volumes during the morning led market to lose some power until 12h30pm, when HK spread trades took market down more aggressively leading H4 to 22.11 (daily low). Bigger volumes during the afternoon reverted most of the losses and at 2pm, market was trading at 22.30. One hour later market recovered the 22.50s and found some support to overcome opening levels near 4pm, reaching daily high trading at 22.95. From that time until closing small correction was seen and market closed trading at 22.83. H4 Settled at 22.83, volume traded was 33k lots mostly spreads, which strengthened to 0.66, up 17 points.
Today whites market opened with K4 trading at $625, at the same level of yesterday’s settlement. At 9am, selling volumes started pushing market down, trend that saw continuation and support until 1pm when lows were reached with market trading near $615, a $10 drop from opening. Market traded sideways from 1h30pm until 4pm when it saw buyers getting in again leading market to recover some of the losses trading back to $622. From 4 until 5h30pm, market traded around $622 for nearly one hour. Market closed at $620, settlement price was $619.7 down 5.8 from previous settlement, volume traded was 6.4k lots.
