The following is a daily review of base metals published on July 29 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Copper: The resistance level was tested again on the same day, but the copper price did not successfully break any resistance level. Buy on the bargain. Aluminium: The overall trend of the day was good, although the closing was weakened due to the impact of the end-of-month closing activity. Buy on the bargain. Lead: The performance was stable on that day, although the price of lead continued to rise again. The market outlook is recommended to do more. Tin: The performance was strong again that day. It is expected that the market outlook will continue to rise. Nickel: The nickel price performance on that day was slightly disappointing relative to the performance of other major base metals. Focus on next week (August 1st week) Remarks: AMT did not issue a daily comment on zinc on the 29th.
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