PLS chart, page-1481

hi @h00ts
could today's move through the $1.15 top of the box imply that the drop below that range was a false one?

also some potential fundamental news that alter the shape of the chart;

1) spod pricing on platts $690/t and that's down $10 (May14th)
2) Chilean politics and the economy could be about to take a nose dive - "Voters in Chile elected a left-leaning special assembly to draft a new constitution, which is expected to pave the way for a significant increase in social spending and the state’s role in the economy while weakening the country’s free-market model." courtesy of WSJ.

both facts courtesy of Joe Lowry on Twitter.

edit: of course i should have known you lot were onto the Sth American issues for god's sake just put the multi-coloured nanna flower on ignore