RE:RE:RE:Make me understand something...hard to say, on daily basis ..
today's end of day action was odd, did not rally with market, nor peers; i'm guessing because zinc and copper look like they could go either way, and we've almost come back to the gap down from early March; Anonymous is mostly selling into any strenght end of day;
I'm guessing tomorrow morning S&P500 tries for 2800, then Teck.B might pop with it; if it does, it could be up to say 12.50 range where we gapped down early March; then, after that, it's anybody's guess, bit going into the weekend, I'd bet there will be a selloff, market as well as materials ...
then next week, anybody's guess; if this bounce blows thru the resistance, we would likely fill those early march gaps and rally; if that fails and we bounce off, then it could be back down to W bottom, but on balance, seems to me like everything wants to go up
thesis is - china recovers first, while covid results in some supply constraints (FM mine shut down, for instance) and copper and zinc inventory levels are actually pretty low, so both zinc and copper could rally back to $1 and 2.50 range, respectively; the 6 month chart shows both trending up since early march; for Teck.B that would mean probably back to $15 in short order
just my own observations, nothing more; everybody makes their own predictions, no doubt