Daily Market Price Updates and Commentary 20th February 2025

The market today opened at 20.68 and the initial phase of trading saw a brief dip to the session low of 20.62, but buyers quickly stepped in, leading to a modest recovery. Through the morning, prices remained stable, trading within a tight range around 20.80 as market participants assessed direction. By midday, momentum began to shift in favour of buyers, with prices gradually trending higher. Despite some periods of consolidation, the market maintained a firm tone, suggesting underlying strength. As the afternoon session progressed, buying interest increased, driving prices steadily upward. By 2:30 PM, a more aggressive push higher began, with the market building on its gains towards 21.00. This rally extended into the late afternoon and early evening, as demand remained consistent and selling pressure was limited. The final hours of trading saw continued strength, with the market reaching the session high of 21.10, where it ultimately closed. The strong close at the day’s peak indicates solid bullish sentiment, with buyers maintaining control throughout the session. Volume activity picked up notably during key moments, particularly during the afternoon and in the later stages of the day, reinforcing the sustained interest in higher prices. The overall movement suggests a well-supported rally, with the market positioned positively heading into the next trading session.

The market today opened at 547.30 and closed at 555.30, marking a steady upward trend throughout the session. The early hours saw a brief dip as prices tested support near the opening level, but buyers quickly stepped in, pushing prices higher. Through the morning, the market remained relatively stable, trading in a narrow range between 548.00 and 549.70. Resistance near these levels briefly capped further upside, leading to a minor pullback around midday. However, support emerged near 546.70, preventing a deeper decline, and the market quickly stabilized. By early afternoon, a renewed push higher saw prices establish a series of higher highs up to 550.80, with momentum steadily building. Around 2:30 PM, the market broke through earlier resistance levels, leading to an accelerated rally reaching 551.30. Buyers remained in control, and by 4:45 PM, prices had climbed past 552.00, confirming a shift in sentiment toward further upside. As the session approached the close, strong buying interest continued, driving prices to a session high of 555.30, where the market ultimately closed. The steady climb and strong finish indicate continued bullish momentum, with buyers maintaining firm control throughout the session. Volume activity showed increased participation in the latter half of the day, particularly as prices broke through previous resistance levels.