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Volumes look to be around 10 million; significantly less than the 16-7 million traded on the 7th and 8th of October (declines of 18.94% and 19.54% respectively).

Increasing volumes likely as the Dow (finally) strings together consecutive days of green and the large volatility i.e. VIX (+/- 700+ points in a matter of minutes) begins to diminish, along with diminishing LIBOR rates and any positive news about assest sales which may result in a rapid re-rating.

Seeing as how BNB's fortunes appear to correlate relatively closely with the performance of the XAO, once the volumes start to return to the broader market, expect the same of BNB.

Not convinced that it will rise above $2 in the short term (although 3 is more than possible in several months time) since this bounce may well be a dead cat bounce.

Might see 1.30 at the close, but I just can't imagine people wanting to hold overnight in the current environment and so I'd be happy with a 1.25+ close by finish.