LME Copper and Aluminum Futures: Copper prices hit speculative

LME composite trading closing support resistance at 14th RSI 10th MA 30th MA three-month copper 3586 * 3435 * 3600 * 85 * 3520 * 3400 three-month aluminum 1898 * 1850 * 1900 * 76 * 1862 * 1801 London 8 On the 4th of January news: Traders said that the London Metal Exchange (LME) copper continued its record week-long gains on Thursday morning, supported mainly by speculative buying, and is expected to climb further. "It looks like Those who took the cheque and waited for the purchase boiled the market. Obviously, once they fell to $3,545/50, they would wait for the opportunity to enter the market." An European trader said, "It looks like copper will continue to Rising. “ Three-month copper hit a record high of US$3,596.50 per tonne in early trading on Thursday, rising by 0.5 USD from yesterday's high. At 0659 GMT, the profit-making three-month copper fell back to 3,591/95 but still high. At yesterday's closing price of $5, both the technical and fundamentals of the market appeared to be strong, although there was also the possibility of short-term corrections. LME stocks continued to decline slightly after a slight increase for a week, dropping by 100 tons to 31,450, although higher than recent And a 31-year low of 25,525, but still only daily About half of the consumption. Three-month aluminum firmed to 1,900/05 US dollars, up 2 dollars from Wednesday's close, technical advantages. Relying on the former trader said: "Aluminium is pushing harder than 1,900, but the support level Significantly lower than 1,880."