TIN

One of the strongest bull markets in the metal complex is about to end. Tin is highly used in electronics. It is mixed into solder for circuitry in smartphones. Tin is used in everyday life in almost all electronic item. Notebooks, tablets, smartphones… Chart pattern suggests prices are headed for lower levels as we have seen some major breakdowns over the past year. Both the uptrend that has been intact since 2002 and the medium-term sideways consolidation (symmetrical triangle) have broken down. Unless we see a recovery above 21K levels, price could sell-off towards 15K-12K area in the following months. I have also added other industrial metals such as Lead, Aluminum and Copper. Both Copper and Tin are likely to join the weakness in other industrial metals.