ASX 200 bounces as copper and uranium stocks soar, plus lithium's big day out
Lithium stocks which are to be watched closely as a key lithium contract in China surged over 5% ahead of the upcoming May Day holiday.
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Copper and uranium stocks were boosted today on a combination of well received quarterly updates and modest price gains in their respective underlying commodities (copper to closing at 1 year highs on Friday on the London Metals Exchange).
But, it's lithium stocks which are to be watched closely going forward as a key lithium contract in China surged over 5% ahead of the upcoming May Day holiday later this week. We check the chart, and it shows this was an important move, big, and on large volume.
Outside of the usual gyrations in commodity stocks, Real Estate, Technology and Communications stocks topped the sector performance list, while Energy lagged behind.
Let's dive in!
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Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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Investing is risky. Inevitably you will endure losses. If you can't cope with losing, don't invest.
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Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
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