Interesting observation from JPM:
LME base metals rallied on short-covering but physical side of market remains on sidelines, said JPMorgan's Michael Jansen. Short positions from credit liquidity problems being pushed out of market, he said, but physical side needs to enter to sustain rally; "These kinds of rallies are nasty and ultimately not sustained."
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |