August 5th AMT evaluation

The following is a daily review of base metals published on August 5 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Bronze: The resistance level was tested near the level of 3,600 U.S. dollars, but the uptrend was under pressure due to speculative profit-taking activities. Although the copper price fell on the same day, it is recommended that the market outlook can continue to buy on dips. Zinc: Close this week, close to flat, and it is expected that next week (August 8th week) will maintain the range fluctuations. Tin: Once again, there was a dull performance, and it still maintained the range volatility. However, it is expected that the market outlook will continue to further lower the test. Nickel: It maintained a narrow range of fluctuations on the day and ended higher in the end due to the short covering activity. The market needs to break through the current volatility range to make the trend clear. Note: AMT did not comment on aluminum or lead on the 5th.