FIL’s rally puts $1 in focus
FIL’s breakout is now testing the psychological $1 level after the price reached $1.0299 before pulling back to $0.9685. The move has attracted fresh derivatives positioning, with open interest rising toward $284 million around the advance.
Futures volume also ran about 10 times higher than spot activity, showing that leverage is playing a major role in the push. That strength could help FIL clear $1, but it also raises the risk of sharper swings if traders begin taking profits.
Meanwhile, the former $0.87 ceiling has already held as support once, making it the key level beneath the rally. Holding $0.87 would keep the breakout structure intact and leave $1 within reach.
A sustained break above $1 could extend momentum, while losing $0.87 would weaken the move.
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