Top Tweets for #AlMunro
#Nickel in spotlight – rallying in sympathy with a pickup in #stainless o'night. Only #metal to see above avg turnover as 3m rallies to $17,830 spanning $405 (10-day ATR is $392). Also substantial move in SHFE agg OI up 9% o'night. #AlMunro #LondonReport #LME #SHFE

#Copper registers fresh RECORD high of $10,747.5 this morning. Has traded a range of $272.5 thus far (10-day ATR $192). Next resis $11,387 – based on fib extension of previous wave. #AlMunro #LondonReport #basemetals #metals #LME https://t.co/ebgXRm9VX4

In base #metals this week, Wednesday morning sees May options expiry and there is the threat to those short calls of a gamma short squeeze higher with #zinc susceptible on a move through $3000. #AlMunro #LondonReport https://t.co/GJMuMiHXMF

Base #metals dip on the open, although a bid emerges post the #SHFE lunch session in the final hours of onshore trading pre-the Labour Day holiday. With the exception of #Lead, SHFE agg OI declines across the metals... #AlMunro #LondonReport
https://t.co/Y84M7hunTM

The rally in #base #metals picks up momentum as London trading gets underway. We note the decline in the dollar index through recent support levels... #AlMunro #LondonReport #aluminium #copper #nickel

#Aluminium in the spotlight, led by a sharp rise in #SHFE Ali post lunchtime break & expanding OI. #Zinc meanwhile appears unreactive to today's on-warrant stock rise. Nanolytics data shows possible exhaustive supply amidst the #metal's decline yday. #AlMunro #LondonReport

March has been characterized by diminishing risk appetite across stock, financial & #commodity markets. In our #metals world declining vols & open interest coupled with price action also strongly suggestive of basket type long liquidation. #AlMunro #LondonReport

Chinese interest in base #metals has been muted at best with any recent buying the result of onshore arb moves or prices reaching levels where some spec bids emerge... #LondonReport #basemetals #AlMunro #LME

The return of the Chinese market participants post LNY sees renewed demand for base #metals with onshore agg OI expanding across the complex. #Nickel in particular has seen a 19% gain in OI today noticeably as 3m rallies to levels not seen since 2014. #AlMunro #LondonReport

Shanghai exchanges are closed as of 0700 GMT tmrw for CNY. It is rather telling that today sees open interest expansions on both the #copper and #alminium. Normally onshore market participants reduce risk into this break. #AlMunro #LondonReport

Shanghai #Aluminium market makes new high today, which can be attributed to onshore physical tightness. All ahead of Shanghai’s Dec expiry next week with shorts squeezed. #AlMunro #metals #LME

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