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Ewebute

6,278 Posts.

1029

18/08/24

20:38

Post #: 75259352
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Originally posted by Ewebute: ↑

Lithium has gone down again. Chinese demand is likely behind this move (until the speculators get back into this).

IO Futures in the US down again. Nearly under the $90 a tonne mark. Having said this, the Oz miners listed in on the US boards pushed higher. Setting up for a bit of a dump shortly?

Support levels of $80, $55-60 and then $38 level again. Watch the Oz bank account dwindle fast if those last two cases start to hit.

No wonder the Oz dollar got dumped quickly the other day. Maybe someone knows something that the Chinese might do that upsets the world and causes Oz to not being allowed to sell them anything going forward.

Having said that, the present level is way oversold on a normal basis so a bounce in IO price might be likely in the next few days. But then a continued fall after. Trend is down at present.

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Don't waste the 16 minutes from this influencer to understand what is happening in the world of IO.

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