XPT is sticking to the day’s low all day, with the buy side only slightly thicker than the sell side. This kind of support strength can’t hold; the pullback is still continuing. Spot prices fell nearly six percent over the past day, with the price stuck near the daily low and nobody stepping in. The order book depth is thin, with no sign of a large buyer coming in. On the futures side, active selling has the upper hand, moving in the same direction as the weak order book. Don’t treat sideways trading as stabilization.