The December FESX contract — key volume levels.
At the moment, we consider the price range of 6320 – 6352 to be the volume core of the current contract.
Last week, the price fell to 6184.
Buyers saw this as an excellent opportunity. As a result of their activity, we are seeing FESX correct back to the core of the current contract — the Volume Area.
Traces of buyer activity in the form of large-volume trades are marked on the slide as Support levels, namely:
- 6204 to 6224
- 6268 to 6280
The price of 6244 is also worth noting as support — a very strong imbalance.
The range of 6320 – 6352 Volume Area is currently considered a resistance range.
