FCPO Spread Analysis: Mixed Movements
The MAR25-JUN25 spread contract opened at 233 points today. During the morning session, the market dropped to a low of 191 points. However, signs of recovery emerged in the afternoon session, and the contract ultimately ended the day with a modest decline of 14 points, closing at 213 points.
The March contract opened at 4,361 points and trended lower throughout the morning. During midday trading, the price briefly surged to 4,425 points before resuming its downward movement. In the final session, the contract saw a small rebound of 31 points, closing at 4,373 points.
The spread contract settled at 213 points, and the March contract has yet to test the strong support zone of 4,120–4,150 points that I had anticipated. As such, I am holding my position for now. If the March contract drops into the strong support zone, I will exit immediately due to the potential for a rebound in the spread contract.
FCPO1!
The March contract opened at 4,361 points and trended lower throughout the morning. During midday trading, the price briefly surged to 4,425 points before resuming its downward movement. In the final session, the contract saw a small rebound of 31 points, closing at 4,373 points.
The spread contract settled at 213 points, and the March contract has yet to test the strong support zone of 4,120–4,150 points that I had anticipated. As such, I am holding my position for now. If the March contract drops into the strong support zone, I will exit immediately due to the potential for a rebound in the spread contract.
FCPO1! 
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