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

OJ=F Deep Dive | Bullish Rebound on Oversold Technicals | 2026-10-09

We maintain a bullish call on OJ=F, targeting a retest of the 20-day upper channel near 158.15 following a sharp oversold bounce. The primary driver is a technical mean-reversion setup after a 9.29% weekly drawdown, supported by a 52-week low in price relative to the 20D range and elevated implied volatility suggesting event risk premium. Invalidation occurs if price closes below 143.13 (S2) on a settled basis. Recent intraday strength in early Asian trade (+7.18% from the weekly low) confirms buyer interest at support levels, though the broader macro backdrop remains mixed. We expect a gradual recovery toward the 150-152 resistance zone before any sustained upside breakout.