AMT Review (12-7)

The first-rate economic company of the London Metal Exchange (LME), Amalgamated Metal Trading Limited (AMT), issued a daily review of metals trading on December 7. Copper: The Far Eastern selloff pressured copper at $3030. At midday, copper prices fell. Due to the technical long-winding, copper prices fell to support levels. It is recommended that the market position be sold. Aluminium: The aluminum price rebounded on that day, and the downtrend line was at $1838. If it falls below this level, aluminum prices may test recent highs. Zinc: After a few selling pressures, the zinc price fell to $1,155 and then rose to $1,188 to close at $1,170. The zinc price volatility on that day was relatively large and the market direction was unknown. Tin: The drop in tin prices on that day was largely due to a sharp drop in copper prices. In addition, the funds are staggered with buying. It is expected that the outlook will be roughly the same as today's trend. Nickel: Despite nickel testing support at $12,900, it rebounded to an intraday high of $13,450 to close at $13,050. It is expected that the market will test support again. Lead: The drop in lead prices on that day was due to a sharp fall in copper prices. It is expected that the market outlook will decline.

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