AMT commented on November 29 LME base metals

The first-tier brokerage firm of the London Metal Exchange (LME), Amalgamated Metal Trading Limited (AMT), issued its daily base metal review on November 29th. Copper: Copper prices performed strongly that day and there were signs of technical buying. It is expected that the market will test the resistance level of 3,175 U.S. dollars per ton. Aluminium: On the day of weak aluminum prices, it is expected that the outlook will continue to fall. Zinc: On the day, zinc prices were stabilized by technical buying, breaking through the $1165 level and starting the stop loss once rushed to $1180/ton. Lead: The current day's lead price trend followed the market volatility, and it is expected that there will be a slight rebound in the market outlook. Tin: The price of tin rebounded on the day but closed lower. The underlying support is still valid. Nickel: Trading in nickel prices was light on the same day, but the closing price rose slightly to $14,275/ton, which may help boost the prices on the following day.

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