The following is a daily review of base metals published on August 10 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Copper: The performance was strong on that day and closed at near the day's high. It is expected that the volatility in the 3450/3600 range will be maintained in the short term. Aluminium: The current day's movements fluctuate. After testing the support level at 1840 USD, it quickly rebounded and tested resistance at 1890 USD. The volatility of aluminum prices has become a concern. Lead: It was quite calm on that day. However, it is expected that the lead trading activity on the 11th will be more active than on the 10th. Zinc: It performed well that day. It is recommended to buy on the dips afterwards. Note: AMT did not comment on tin and nickel on the 10th.
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