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MARKET TALK: LME Tin Pauses After Stop-Loss Selling

Thursday, Mar 29, 2007
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LME three-month tin fell further early in the session after a break through the 30-day moving average at $13,600/ton triggered technical stop-loss selling, says a broker. Notes tin has traded back up to $13,500/ton, "but if it doesn't manage to get back above last night's close (at $13,800/ton) then it's in danger of a bit more downside pressure." LME tin trades at 13,500/ton.

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