The following is a daily review of base metals published on September 8 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME).
Copper: Not provided
Aluminum: Aluminum was also sold off as copper was under pressure again.
Lead: Not provided
Zinc: A short break below $1370. Closing above $1375 gave some hope for a 9-day strengthening.
Tin: Some further CTA liquidation occurred on the 8th. Will continue to short.
Nickel: A slightly lower level was explored on the 8th, but the close was basically flat with the 7th. Although still bearish, we remain cautious until the International Nickel Corporation publishes its report.
Copper: Not provided
Aluminum: Aluminum was also sold off as copper was under pressure again.
Lead: Not provided
Zinc: A short break below $1370. Closing above $1375 gave some hope for a 9-day strengthening.
Tin: Some further CTA liquidation occurred on the 8th. Will continue to short.
Nickel: A slightly lower level was explored on the 8th, but the close was basically flat with the 7th. Although still bearish, we remain cautious until the International Nickel Corporation publishes its report.