Just been looking at the long term tin chart.
Good news - definitely in a longterm uptrend.
Bad news - pullback not yet finished.
Tine price should pullback to the longterm uptrend support line which currently stands around $13000 (currently around $21k after recent low around $18k).
Using some Fib retracement levels of the whole range up which was around $20K, the 61.8% level is around $18k which produced a bounce. I favour the 76.4% fib level being reached which is around which is around $14k and price usually dips a bit below these levels.
So my prediction for final pullback low in tin price between $13000 and $14000 per ton.
So clearly that would have an effect on the KAS sp. And the more I look at the monthly and yearly chart I see it going sub 10c. Personally I'd be tipping around 8c. Now I know that sounds crazy considering the fundamentals but that is just the way I see the KAS chart.
And a low under 10c would do no damage to the longterm yearly uptrend for KAS.
El Capo
PS. You can all thank me at the end of the year.
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