AMT evaluation (1-24)

The following is a daily review of LME's base metals published by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Copper: The sell-off is heavier and can be profit-taking on the rallies. Aluminium: After breaking the recent oscillation range, it did not continue to attack. However, the support of this range is strong and it is expected that adjustment will occur in the short term. Lead: The sell-off at 940 US dollars is heavier and is expected to oscillate below this point in the short-term. Zinc: It hit another record high, but speculative selling on the upper tier was heavier, while technical buying was not active. Tin: It is expected to oscillate in the 7500-8000 dollar range in the short term. Nickel: In the morning, it was boosted by short covering and pushed up to $14,400. However, it fell back to around $14,130, still in a weak pattern.

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