July 2018 | Base Metals
Base metals investment analysis: Lead, tin see fresh buying
Selling continues to run rampant in London Metal Exchange copper, aluminium, nickel and zinc markets, but lead and tin managed to buck the trend, according to the LME Commitment of Traders (CoT) report. The persistent deleveraging is consistent with the month-long selling, ever since the June 6-7 high in base metals prices, which started to find short-term support on July 6. But so far, the rebound in base metals prices remains weak and the complex is still vulnerable to further weakness.
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