We've got seven normal trading days until futures closeout and there is a large open interest on the March contract of about 200-odd thousand. It is probably going to be one of the largest closeouts with the result that we can see rollovers and a lot of them.

It's been a very undecided market. When the opened, it entered a slightly softer period, which was nothing more than a result of profit taking after Friday's enthusiastic buying. After that it turned positive as it got closer to the UK opening.

It has been a yo-yo market over the past few days with amazing volumes.