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Data as of: 2026-10-08 · Settlement: Exchange final daily settlement

CN=F (CN=F) Deep Dive | Bullish Bias On Near-Term Support | 2026-10-09

CN=F (CN=F) is Bullish, with an invalidation of the bullish thesis if it breaks below the S1 pivot at 13590.67 (settle basis). The near-term bullish case rests on three core factors: 1) the market holding above its 20-day low of 13672 (settle) despite a 6.07% 20-day drawdown, 2) implied volatility remaining anchored well below its 1-year peer percentiles, and 3) cross-asset ratios signaling pro-growth momentum that supports industrial commodity demand. This deep dive covers the first half of the analysis, focusing on directional bias, technical action, supply-demand fundamentals, positioning, and cross-asset relative value, with all data sourced exclusively from the provided unified and cross-asset snapshots.