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AMT traders will continue to buy copper and aluminum futures
Copper: Strong performance throughout the day, closing the key resistance at $3065/70. We will continue to buy on dips, and we expect to test resistance at $3,200/ton next week. Aluminium: The close holds steady higher, may try higher level. Zinc: The close holds steady higher, may try higher level. Lead: Trading was relatively light but the volatility was relatively large. Today's lead prices have generally closed higher and are expected to continue to rise next week. Tin: The trading is still relatively light, closing higher, but it is expected that the trend will not be optimistic next week. Nickel: Under the strong boost of copper, it will reach a new high of US$17,050/t in the late session. If the copper falls back, it is expected that there will be a large correction in nickel. The nickel market is still overbought and the future trend will depend on the occurrence of selling.