bearish
[IO Technicals Weekly 2025/14]: Price Bearishness to Persist
277 Views21 Apr 2025 06:55
SUMMARY
- Managed Money switched to net short, Physicals switched to net long while FIs increased net long positions last week.
- Prices touched a high of $99.25/ton on 17/Apr and a low of $96.55/ton on 14/Apr. It traded in a range of $2.70/ton during the week.
- Based on seasonality, SGX IO Futures May contract trades 23.8% below its last 5-year average ($128.37/ton).
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