Really? Better be quick...From a very recent market watch...

Really? Better be quick...


From a very recent market watch article, and they say

"

Today’s candle’s range is the largest in over two weeks, and its volume the largest in nearly a month. It indicates elevated motivation from the demand-side in a prevailing environment where I was increasingly believing there was none.

If I’m surprised, I bet market participants are also trying to get their heads around what today’s move means for prices going forward.

I suggest the supply-side might back away in the hope the newly found demand might get them a better deal down the track. The demand-side might feel some urgency to fulfil their requirements.

Basically, it should put a proverbial cat among the pigeons – let’s see how high they fly.

In this regard, we’re approaching several key historical points of supply beginning with 117,350 and extending all the way up to the major point of supply at 125,000.

White candles and or downward pointing shadows in this range would further signal the demand-side’s new-found resolve, and therefore increase the likelihood of a major breakout.

Simply, a close above 125,000 commences a new bull market in lithium carbonate – and I honestly didn’t think I’d have reason to type that last sentence any time soon. But there you go – I just did!

"
be interesting how things play out over the next week.

As always DYOR