Anyway... Back to the GXY charts The DT is converging on the...

Anyway... Back to the GXY charts
The DT is converging on the 1YUT support base. I have no reason to see why this wouldn't hold at this stage since the reports are that:
1) production hit name plate rate sooner than initially reported.
2) the 2016 contracts seem certain to be fulfilled, meeting the -10% acceptable volume range which is more efficient than the previous calculations were based on.
3) minimum 38% increase in 5.5% Li₂O for new contract.
4) Further contracts being negotiated.
5) LIT ETF has increased to its all time record high and continues to rise in recent days.

IMO the base line support is very conservative and could easily be justified in an amendment on a steeper alignment. Having said that, 0.41 seems to me like it would get value of both worlds right now.

GLTA