This report is provided by MacroTerms.com

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

RSS3=F Deep Dive | Bullish on Supply Tightness | 2026-10-09

We maintain a bullish bias on RSS3=F (RSS3=F) with an invalidation level at 445.87. The primary drivers are a structurally tight supply-demand balance, resilient technical positioning above key support, and favorable cross-asset relative value dynamics. While the instrument has seen minor short-term consolidation, the underlying fundamentals point to upward price pressure as inventory levels remain constrained relative to historical norms. Technical indicators suggest the current pullback is a buying opportunity within a broader uptrend, with the 20-day channel providing a clear floor for further gains. We expect prices to test the upper range of the 20-day channel as market participants reassess supply constraints.