Sunday, June 03, 2018 10:21:05 PM
Zinc - yet more deliveries on May 31
LC - don't stop posting! love your perspective here.
Here is mine.
Price could have bottomed around start of May but there was another large 2000T delivery on May 31.
http://www.kitcometals.com/charts/zinc_historical_large.html
Trevali is the most liquid go-to-zinc name so we should see a big candle on them when/if the market thinks another trip up is starting. It should go down to 0.95 which is really strong support and TV's "centre of gravity" for the last 5 years.
I'm currently only holding USA.TO and waiting for current triangle to break (hopefully to the upside)
LC - don't stop posting! love your perspective here.
Here is mine.
Price could have bottomed around start of May but there was another large 2000T delivery on May 31.
http://www.kitcometals.com/charts/zinc_historical_large.html
Trevali is the most liquid go-to-zinc name so we should see a big candle on them when/if the market thinks another trip up is starting. It should go down to 0.95 which is really strong support and TV's "centre of gravity" for the last 5 years.
I'm currently only holding USA.TO and waiting for current triangle to break (hopefully to the upside)
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