July 11 AMT Review

The following is a daily review of the base metals trade published on July 11 by Amalgamated Metal Trading Limited (AMT), a leading brokerage firm of the London Metal Exchange (LME). Copper: The trend is good throughout the day and it is expected to continue rising in the short term. Aluminium: It is driven by technical buying to close higher and is expected to continue rising in the short term. Lead: The trend is flat throughout the day, lightening up above $890. Zinc: Technical factors are obvious and can be intervened every few days. Tin: The trend is flat throughout the day and it is expected to fluctuate within the range of $7050-7350 in the short term. Nickel: The pressure on the upper gear is larger, but from the technical figure observation, the current day line is forming the right shoulder of the head and shoulders bottom form.

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