i don't know, CN the one to ask. maybe shorters waiting for a higher SP before an attempt at taking it down. or maybe some shorters will close and go long. 10p looks achievable by end of week if not today.
not traded SXX since May. i missed out on some big gains when i sold at 16.5p only to watch it rise to 19p(ish). I think i did make some money trading it though. The FT had an article and they said they would run out of money in September. we'ere there now and the last update said they have funds to continue for 6 months? to sort the mess they're in now.
i bought ENQ at 15.68p on 19-mar and sold next day for a quick 5% profit at 16.5p. its recovered more since then esp now oil has spiked. not sure i'd want to get back into it just yet. same goes for PMO.
i just got a quote to buy. 7.48p offer. but was just a small number of shares. a little odd as the UT trade was 7.69 and theres been mostly buys since the open.