Lithium carbonate: lack of fundamental support for the rise, it is appropriate to sell short at high prices

Gold Ten Futures, November 14th, the rise of lithium carbonate has many factors, which may include good demand, the cost support effect caused by the reduction of production, the confirmation of the bottom brought by the industrial receipt, and the temporary imbalance of long and short forces. But the pressure above is also large, and the logic of bears is simple and clear. The risk of falling back cannot be ruled out on the demand side. After the price rises, the supply may also rebound. Standing at the current price level, the support for continued increases can only come from the demand side, which is not a definite result at present. Overall, we are cautious about the future price trend, and it is more likely to continue to fall after the shock.