The 'market' seemingly has priced tin in what appears to be some...

The 'market' seemingly has priced tin in what appears to be some sort of contango atm , and discount's the recessionary forces into the last half of 2023.

As usual though, this outlook could probably change in half and hour..

Hopefully, lower energy prices prevail, or the mystery that is the current CAB may get eroded even more.

On a technical bent, it looks as though the 200 weekly MA has been respected 3 times ( triple bottom??) which looks to be a strong support , and now the 20 week MA is acting as a resistance. (.275), with weakening volumes.

HOPEFULLY, we can see a breakout to the upside , and a first DECENT impulse northwards, where .32 again smacks is in the face. Pass this point, and it's time to stretch the legs on upwards momentum.

Looking at a risk/reward outlook, the upside does appear to carry a LITTLE less risk than going below the 200 MA, at present.

Time will tell, however, as this mob's price action is subjected to too little liquidity, and can be interfered with far too easily.

*This could be where an intentional , but SMALL buyback, MIGHT negate some of this manipulation around price movements, as it also gives the derivative traders the message that management are prepared to absorb the volitilty, moving them onto other, more lucrative trades, elsewhere. )

Maybe there are just TOO MANY conflicts of interest that we are unaware of, but I digress.