AMT Review (11-23)

Copper: Copper prices rose in the morning as the US dollar fell, once again proving that the resistance is at 3085/90 U.S. dollars per ton, and a close above this level will be regarded as a signal of continued rise. Aluminium: Aluminium prices were affected by long open positions in the morning, followed by rising copper prices. It is expected that aluminum prices will continue to maintain range fluctuations. Zinc: On the same day, the zinc price tested the resistance again but then the price fell. It is recommended that the market continue to buy on the low side. Lead: Lead prices on the day followed copper prices. If the dollar continues to fall, lead prices may rise. Tin: The price of tin fell below the support level of 9,000 US dollars/ton on the same day. There are signs of long positions, and the market outlook continues to be bearish. Nickel: The nickel price rose to USD 14175/ton under short-covering and ended at USD 13975/ton. Inventory continued to increase, and technical indicators continued to be bearish.

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