The yellow line represents the cumulative spot increase, which has been decreasing, indicating that the spot is continuously being sold. The positions are also decreasing, but the blue line is rising, which means that the contract shorts are also retreating.

Overall, the lack of fuel and spot pull-up suggests that the market has likely reached a phase high point. The spot sales volume has fallen back to the 74,000 level, and the price has been pushed up by short squeezes over the past 60 days. Without short participation going forward, it will be difficult to maintain this price, and a correction is inevitable.