Agree the depth looks markedly different from recent times. I am sure there will be a bit of push back from some traders, but the momentum shift is apparent in the set-up (of the market depth).
We will watch a few steps forward, then a few steps back. But, I am in no doubt that momentum will follow each step forward and we will see a strong wave of buying come through very shortly.
The conclusion of the Santiago conference has been marked in my calendar as a key inflection point in the assessment of analysts as we are now effectively in 2HCY19 and all analysts have opined that 2020 is when we will see EV demand spike's based purely on the release of so many new EV models.
The run-up has commenced!!
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