bullish
Futures Lean Bearish As Prices Trade Sideways With High Open Interest
3 Views22 Feb 2023 14:35
The monthly SICOM TSR20 Futures forward curve saw a reversal in the downward trend over December and January. As shared in the previous Futures article, a positive upturn in the Futures market was observed due to open interest, volume and prices increasing simultaneously. Since then, prices across all 12 positions registered an average increase of US$87/mt or 6.8% over last December. In the following month of January, prices further trended upward by US$72/mt or 5.3% across all positions. Compar
What is covered in the Full Insight:
- Introduction
- Futures Market Dynamics
- Physical Market Interaction
- Market Sentiment and Trends
- Conclusion
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