August 23 AMT Company commented on LME base metals

The following is a daily review of base metals published on August 23 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Copper: The market is calm and trading is scarce. Resistance is around $3,635, and after the break, it will explore $3,685. Aluminum: The market conditions are lacklustre. The future will buy on dips. Lead: The market is calm and trading is inactive. The current state of wait and see. Zinc: The trend of the day was disappointing, trading was rampant, followed by the basic metals market closed down. It is expected that the market will trade in the range of 1350-1380 USD. Nickel: Nickel overall performance is relatively stable today, and nickel prices have clear short covering after falling below the 10-day moving average. Tin: Not available.

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