TIN SUPPORT: $20000 / RESISTANCE: $23750
"We are currently at $20,150 on tin, down $450/MT, and looking quite weak despite very low LME stocks. Our next downside target is $19,900- 20,000, but we suspect that tin should hold at this level, as it has stronger fundamentals than many other metals in the group."
http://www.kitco.com/reports/metals_aug052008.pdf
Tin is down ~10% in the last 5 trading days, $20,000 level is critical support short term from chart. Below this level would still be very profitable for MLX however would take some of the shine tin sector and MLX's potential profits.
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Last
65.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $573.9M | |||
| Open | High | Low | Value | Volume |
| 65.5¢ | 67.0¢ | 64.5¢ | $1.624M | 2.480M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 88887 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 123814 | 20 |
View Market Depth
| Last trade - 15.03pm 23/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |