they just follow the sp500. when it rises they buy and when it falls they sell. It's not an art at all. It's daily behavioral. It's rubbish.
If you could track traders' activities on prices I will say You're smart.
Traders are still don't understand what ways should ni price tends to hold because phillipines is clamping down mines and indonesia is relaxing its export ban.
It's big chance to buy ni stocks because ni will rise very strong when traders are assured China stainless steels are ramping up more productions in which raw materials are in needed.
Indonesia puts a 10% tax on low grade ni<1.7 in grade. Those low grades are presented in wet laterite ores in both Indonesia and Phillipines. Those low grades contain cobalt.
Cobalt is rising too strong therefore low grade laterite ores are in stronger demands which is in turn supporting ni price.
I believe you don't know a thing and this is how I track traders' activities
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