Yes I agree.
There was always going to be some resistance at the recent top. If the price consolidates a little then hits 16,000 then expect big positive things. If prices get to around 14,000 then it is time to raise an eyebrow.
However, I just don't see a major drop happening. Nickel intensive battery production is ramping up and that should in the short term at the very least counterbalance other areas of weakness should there be any. Long term, batteries alone will drive prices higher. The key sentiment driver for this will be Tesla battery day and if they announce big quantity improvements in what they will produce (including an impressive roadmap) that will be very positive for sentiment.
I don't really know about blackstone energy, but from a quick google search it appears that their major customer is oil-fields. Being oil field related says it all with their customers all hurting.
Unless major covid destruction happens it is my opinion that by mid-21 there will be greater awareness of the important new role nickel will play in the future. Considering WSA sp has gone backwards and not forwards with the recent rise in prices no harm accumulating at these prices. Of most interest would be if WSA can sign a new major deal with someone linked to EVs.
Only time will tell.
