• No.11 began the new week with a quietly steady session, edging higher following a morning spent near to unchanged levels. Volumes were moderate for the most part, increasing only on a couple of occasions ass first we pushed up to a new recent high mark of 14.59 and then swiftly fell back to 14.45 as some of the buyers were washed back out. From there on traders appeared content to allow values to consolidate once again, nudging back into positive territory as the afternoon played out to ensure the technical dynamic remains good while at the same time allowing some of the overbought indicators to unwind a little. A final push of buying into the close ensured a positive March’20 settlement at 14.55, we await to see whether we can continue further ahead tomorrow.

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Jon Whybrow

Jon joined CZ in 1991, working in the Treasury department before moving to join the derivatives team in 1994. Over 30 years Jon has built up significant experience across derivatives markets and products, particularly sugar, and is now Head of Flow derivatives providing market execution services for CZ’s global client base. He is responsible for the market commentaries which are published each day on CZ app.

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