Sep. 11 at 7:44 PM
$FECCF Order of Battle:
The
$8.99 Limit Wall: Throughout the afternoon, large lit block offers sat stacked at
$8.98 –
$9.00 CAD. Automated algorithmic selling stepped in every time the price touched
$8.99 CAD to prevent a clean breakout print over the psychological
$9.00 threshold.
Dark Pool Support: Over 35% of total volume traded on unlit venues around
$8.95 –
$8.97 CAD. Institutional buyers absorbed the lit sell-side volume without bidding up the open lit book.
FECCF held steady near
$6.46 USD. The cross-border spread remained tight, showing no foreign sell-off pressure.
A clean breakout above
$9.05 CAD will likely be driven by one of two factors:
Ecopetrol Tender News (Sept 15 Window): Formal confirmation of Ecopetrol's LNG supply award for Puerto Bahía.
Corentyne Settlement Leaks: Any public update regarding farm-in interest or legal dispute resolutions in Guyana.
Once
$9.05 CAD prints on high lit volume, momentum algorithms will trigger, leading to a fast move toward
$9.50–
$9.80 CAD.