AMT evaluation (1-4)

The following is a metal trading daily review issued on January 4 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Bronze: A technical sell-off triggered by the dollar’s ​​higher level before the sell-off, profit-taking has emerged. However, the Middle East’s buying support at US$2,875 is expected to continue to decline in the short-term under technical selling pressure. Aluminium: A number of support levels have been continuously punctured under the pressure of the fund's selling pressure and the short-term downtrend is expected to continue. Lead: As with other varieties, it is expected that the short-term will continue to decline as a result of the impact of fund selling and the higher US dollar. Zinc: It is expected that it will continue to fall in the short-term as the fund sells. Tin: The rate of decline is small, but it does not rule out the possibility of a sharp decline under the drag and drop of other varieties. Nickel: The selling pressure on the upper hand is heavy, and it is expected that the oscillation will continue in the short term.

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