Currently, the buyers and sellers in the futures market are in a stalemate, with neither side willing to back down.
This week, the prices haven't moved much, and the fluctuations have decreased significantly. There are quite a few people wanting to sell at high prices; however, there are even more people concentrated on buying at low prices.
To be honest, in the current price range, it's impossible to tell which direction the market will go next; we can only wait for the buying and selling forces to accumulate.
Generally, this situation occurs mainly because the positions that need to be cleared in the market have not yet reached a critical level, coupled with the broader environment also waiting for some clear signals, resulting in particularly stable prices.
Once both sides have gathered enough strength, even a small piece of news or fluctuations in the spot market can cause prices to start fluctuating significantly again.
