Daily Market Price Updates and Commentary 19th February 2025

Today’s session opened at 20.45, with prices initially dipping slightly to the session low of 20.37 within the first 2-3 minutes. However, the market quickly found support, and buying interest emerged, leading to a steady climb in the early hours of trading. By mid-morning, around 10:00 AM, the market had built a solid upward trajectory, almost reaching 20.70 as buyers remained active. However, after this push higher, momentum began to slow, and prices started to stabilize, moving sideways for a prolonged period as traders reassessed their positions. As the afternoon progressed, around 2:30 PM, a fresh wave of buying lifted prices further, allowing the market to print its session high of 20.77. This marked the peak of bullish activity, with prices momentarily holding at elevated levels. However, resistance at these highs led to a gradual pullback, as some participants opted to take profits. In the later stages of the session, volatility picked up slightly, with prices fluctuating within a narrow range. The market ultimately settled at 20.50, holding above the session low but below the mid-afternoon peak. Volume activity, visible at the bottom of the chart, showed increased trading interest during key turning points, particularly in the early rally and the late session adjustments. The overall session structure suggests a market that began on a firm footing, found strong buying support mid-session, and then faced moderate selling pressure towards the close, leaving prices marginally higher on the day.

Today’s session opened at $543.10, with prices initially dipping to the session low of $541.70 within the first hour of trading. Despite this early weakness, the market found support and began to recover, gradually moving higher as buying interest emerged reaching new highs of $545.10. By mid-morning, around 10:30 AM, prices had climbed steadily, before moving into a sideways range. The market then settled into a relatively tight range, fluctuating between $543.50 and $544.80 through the late morning and early afternoon. This period of sideways movement reflected a temporary balance between buyers and sellers, with neither side taking full control. As the session progressed into the mid-afternoon, around 2:45 PM, a surge in buying activity pushed prices to new highs of $547.90. This move suggested renewed bullish momentum, with market participants testing higher levels. However, resistance near the highs limited further gains, and prices briefly pulled back. In the final stretch of the session, trading remained active, with some volatility evident as prices fluctuated between $545.90 and $548.00. A late-session recovery attempt lifted prices slightly followed by some selling pressure, but the market ultimately closed at $546.80. Volume activity, particularly towards the close, showed increased interest from market participants, likely indicating position adjustments ahead of the next trading session. The overall price action suggests that while the market initially faced some weakness, it managed to find support and recover, though resistance at higher levels kept gains in check. The session ended with a slightly softer tone, as sellers remained active near the highs, preventing a stronger close depicting similar activity to the raws.