The following is a commentary by the Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME), on the 11th day of the LME base metals. Copper: Intraday hit a record high of 3320 US dollars, but producers are selling more pressure. It is expected that in the short term, it will continue to move higher under technical buying, and it can intervene at low prices. Lead: The trend is flat throughout the day, lacking upward momentum. Zinc: Stop-loss orders triggered technical buying, with an untested $1,390 resistance in the session and an increase in the number of empty orders. Tin: The trend is flat throughout the day, and the selling pressure in the 8175-8200 USD range is heavy and it is difficult to break through in the short term. Nickel: It is expected to oscillate in the range of USD in the short term. Note: Aluminum reviews are not provided.
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