Range-Bound Fluctuations Amid Contract Rollover

Market Analysis:

Last Saturday’s report covered technical indicators, domestic policies, international capital flows, and supply-demand fundamentals (check back if you missed it!).

Key Insights:

  • Short-Term Projections: Before the rollover is complete, the market is likely to fluctuate between 3250-3390. Afterward, as the main contract shifts to 05, the range adjusts to 3300-3480, accounting for the usual 70-point premium.
  • December Trends: Through early to mid-December, a range-bound market is expected, with movements between 3250-3480. A dip below 3250 is possible and should not cause alarm—further declines could test 3100.

Conclusion:
Stay alert but patient. With the rollover nearing completion, the market remains in a transitional phase. Prepare for broader fluctuations while avoiding impulsive decisions.

📌 Daily insights provided by LangZo Steel. For reprints, please credit LangZo Steel.