Today No.11 opened trading at 25.11, 5 points above yesterday’s settlement. Opening started and market showed the signs of the day buying power, almost touching 25.30 in the moments that followed the opening. Little activity was then seen until 1pm and market kept rising steadily with some long position built with few sellers. At 1 pm, when market was trading at 25.20, it saw big buying volumes bringing some stronger candles. Until 3pm, a lot of volatility was seen, and market was continuously swinging between the 25.20s and 25.50s in a 3 consecutive wave movement that was broken at 4pm. At that time, buyers took over the market and strong pushes were seen. Near 5 pm, market touched 25.80. The was a correction attempt 5h30pm at 25.50. The last 30 minutes of the session were again dominated by buyers, market strongly ended up closing at 25.86 (daily high at 25.87). Settlement price was 25.81, volume traded was 80k lots. V3H4 spread closed valued at -0.24, an aggressive +0.13 change from yesterday’s settlement.
Today, the Oct’23 contract opened at $715.6, reflecting a slight decrease compared to yesterday’s $715.2 settlement. There was buying power in the beginning of the day when market touched $723.5 around 9h45am. From, that time until 3h30 pm market kept trading sideways between the $716/$722 range. It was in the later afternoon when market saw buyers’ activity and Oct’23 rallied, closing at $729.1 at the daily high. Settlement price was $728, a $12.8 change (+1.79%). Volume traded was 4.9k lots. V3V3 White premium closed at $159, down $3.54 from previous settlement.
