Maybe investors are starting to realise that SP is a bit too low and despite earlier drop to 0.955 it appears there is some renewed interest at 0.975 and sellers are not as willing to sell at any price as it happened last week.
Although number of sellers show higher than buyers, sellers are mostly placed at higher SP above 1.10-1.20. Out of the 2 million and something sellers, only about 450 000 are under 1.00 which is a good sign that offer at low levels is ebbing.
MGC Price at posting:
97.5¢ Sentiment: Hold Disclosure: Held
