so could it fall back to 34c?
Dont know.
First support is 41, which it has closed at yesterday ... and been pushed down to on 2 previous occasions.
After that, next stop could be 38, but more likely 37. Im not sure why you say 34, thats quite a way down? Below 36, yes ... 34 ... but thats a few support levels down.
With Copper hitting new 9 year highs ... and invesntory levels declining ... some may see TYC as a bit of a play, if they can get their Pakistan operation up and running. Conversely, the recent run could just have been due to some broker presentations done recently ?
At the moment Im not holding, having exited a few days back ... but watching very closely.![]()
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