Short Term Trading Week Starting: 5 Mar, page-133

Tim Treadgold wrote a piece on 2 March:

http://www.resourcesrisingstars.com.au/news-article/lithium-shock-short-lived-battery-boom-roars

It's brief and worth a read.

In essence he says the lithium price will move on after one investment banker (Citi) jawboned price up and then Morgan Stanley followed and jawboned it down.

I guess they (MS) have enough paper now as the LIT etf daily chart gapped up on the NYSE o'nite.

The chart also displays bullish divergences. (Orange markings)

A weakening USD will help the bullish side for resource metals. The USD has rolled over and resumed its downtrend (before the Cohn resignation news broke).