In today’s briefing:
- [IO Technicals Weekly 2025/17] Bullish Momentum Builds
[IO Technicals Weekly 2025/17] Bullish Momentum Builds
- SGX IO Futures gained $2.69/ton this week, closing at $100.24/ton on April 23, breaking above the R1 level of $99.00/ton.
- Managed Money flipped to net short while Physicals turned net long, signaling a major positioning shift
- MACD divergence and RSI at 51.09 reflect building bullish momentum despite prices trading below long-term moving averages.
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