If 40c is hit 1.2mill ATU will have to be dumped basically at market.
You are correct about the volumes, I was told 400k were done on Friday and 800k on Monday.
They will dump this like they tried to do with SYR to trigger the stop.
Sitting on the sidelines here, dangerous time to be in, if we fall through 60c should see 52c which doesnt have much support, next targte after that is 40c.
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