The following is a daily review of metals trading published on November 29 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME).
Copper: Copper futures set a new contract high. It is recommended to continue buying on dips.
Aluminium: As aluminum broke above $2130/ton, aluminum futures set a new high again.
Lead: Lead now hit a new high, but it is not entirely convincing. It is expected that lead will fall early on the 30th in the event of a decline in copper futures. However, the market outlook is still bullish, unless the lead closes below $990/t.
Zinc: The zinc futures performed strong again on the same day and hit a record high of $1,706/tonne.
Tin: Tin's gains were once again swallowed up by trading sales. It is recommended to continue selling on rallies.
Nickel: nickel reconsolidated in a quiet trading session, closing at 28th. Although the market outlook may improve and there is a small amount of good news to enter the market, nickel is still bearish.
Copper: Copper futures set a new contract high. It is recommended to continue buying on dips.
Aluminium: As aluminum broke above $2130/ton, aluminum futures set a new high again.
Lead: Lead now hit a new high, but it is not entirely convincing. It is expected that lead will fall early on the 30th in the event of a decline in copper futures. However, the market outlook is still bullish, unless the lead closes below $990/t.
Zinc: The zinc futures performed strong again on the same day and hit a record high of $1,706/tonne.
Tin: Tin's gains were once again swallowed up by trading sales. It is recommended to continue selling on rallies.
Nickel: nickel reconsolidated in a quiet trading session, closing at 28th. Although the market outlook may improve and there is a small amount of good news to enter the market, nickel is still bearish.
Island Engineered Flooring,Maple Engineered Flooring,Best Engineered Wood Flooring,Maple Engineered Wood Flooring
Huzhou Dinuoju Wood Industry CO.,LTD. , https://www.dnjflooring.com