LME composite trading closing support resistance level 14th RSI 10th MA 30th MA three-month copper 3575 * 3435 * 3600 * 72 * 3531 * 3406 three-month aluminum 1882.50 * 1850 * 1900 * 66 * 1865 * 1805 London 8 On the 5th of the month, traders said that copper on the London Metal Exchange (LME) was lower in early trading on Friday, as speculators cut their positions after Thursday’s rising inventory, but the fundamentals remained stable. Copper prices were set earlier this week. The record high is still 40 US dollars away. Although inventory increased sharply on Thursday, slightly more than half of the world average daily consumption, but the stock level is still surprisingly low. "Increase in stocks is a negative signal for the market, but still only 35,000 tons." According to a trader, data on Thursday showed that LME stocks rose by 3,675 tons or 12% from Wednesday to 35,125, which is 38% higher than the 25-year low of 25,525 in July 22 and 31. “People are still saying that the spot copper target At $4,000, three-month copper is expected to reach 3,700-3,800, but first the weaker bulls need to be shaken." Three-month aluminum has risen to 1,887/91 from yesterday's composite offer of 1,882.50.