Excuse my cynicism, but it appears the hedge funds are weighing in on the futures markets right on cue to likely reverse their short positions on the Shanghai Metals and go long. I'm not calling a reversal, but upward movements of 5% in one day on some contracts is certainly not a rational market. It does however tie in with any attempts to manipulate the situation to the advantage of short sellers in lithium equities....surprise surprise!!
regards
DF
Excuse my cynicism, but it appears the hedge funds are weighing...
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 472933 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 446423 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |