Plugged Nickel

Well, it's midnight
Damn right
We're wound up too tight
--Nickelback

First of several posts seeking to record some of the craziness in commodity markets. This one follows up on the short squeeze in nickel.

After moving over 80% higher at one point yesterday, nickel outdid itself today.

Trading was halted after the squeeze jacked nickel prices to over $100,000/ton.

This action seems the mirror image opposite of what we saw at the depth of CV19 market craziness where crude futures dipped below zero...