Cracks starting to appear in the 80c support zone .... the end of week close will be critical.
If it fails to hold the drop could be quite steep .... a quick run to around 75c and after that there's not much resistance until around 47c - 45c
I don't want to appear unduly alarmist but .... it bears careful watching.
Then again, it could dip just below 80c and bounce back quite strongly .... that's why I tend to work on weekly closes as they are more reliable than daily swings.
PLA Price at posting:
79.5¢ Sentiment: None Disclosure: Not Held
