Today No.11 opened at 26.85, at the same level of Friday’s settlement. Just after the opening, market saw some weakness with high selling volumes and retreated to trade about 20 points down around 9am. Further losses followed and around 10h30am, a big seller led market to trade at daily low of 26.49. Some recovery was seen in the next 2 hours and around 12pm, market was trading around 26.60. Stronger buying volumes started to appear at that time and opening levels were breached again at 1pm. Market saw then little correction around 2pm when buyers more aggressively pushed market up to trade above 27 again. At 3h30pm, another wave of buying was registered, and market saw an upward movement to close valued at 27.51. Settlement price was 27.48, + 63 points above Friday’s settlement. Volume traded was 64k lots and H4K4 spread closed at 1.33, up +0.06.
Today, Dec’23 opened at $725, -$1.5 down from Friday’s settlement. In the first 30 minutes, market saw some weakness, reaching $722 around 9am. Further losses were seen in the following hours and by 10h30am, daily low was registered at $718. Some recovery was seen from 11am onwards and increasing buying volumes made market recover opening levels by 12h45pm. By 2h30 pm market was still sustained by buyers again and tip $732. The next hour registered a correction towards opening levels, that did not last for long and soon was broken by bigger buying volumes around 4pm, that lead market to trade at daily high of $740.90. Correction followed and market closed at $743.7. Settlement price was $742.8, a +$16.3 move from Friday’s settlement. Volume registered was 5.1K and Z3/H4 spread settled at $7.1.
