Prospects for LME Copper and Aluminum Futures: Copper sold out of high-level investors

LME composite trading closing support resistance at 14th RSI 10th MA 30th MA three-month copper 3575 * 3435 * 3600 * 81 * 3499 * 3390 three-month aluminum 1886 * 1850 * 1900 * 73 * 1852 * 1796 London 8 On the 3rd of January news: Analysts and traders said that the London Metal Exchange (LME) futures prices were weaker in early trading in Europe on Wednesday, as investors were uneasy and sold in small quantities, but copper may still test record highs in the near future. At 0656 U.S.K., the three-month copper price was 3,555/60 US dollars per tonne, which was lower than the 20-dollar composite transaction closing price on Monday evening. It was not far from the record high of 3,582.50 hit on Tuesday. "I think at this level, this kind of market The movements showed anxieties. In overseas markets, China was not involved as a buyer and the market was concerned about further increases in stocks,” said Adams, an analyst at BaseMetals.com. “But it could easily fall to $3,200 while keeping the gains unaffected. "Tokyo traders believe that copper is expected to test 3,600 in the near term, as the fund is still eager to switch to commodity markets including copper after the recent decline in the US dollar. On Tuesday, LME copper inventories rose 25 levels from Monday." Ton to 31,550, surpassing 24% of the 25-525-ton low of the 31-year and 31-year period of July 22. Dealers are waiting for the US to publish nonfarm payrolls data on Friday and the Federal Reserve Board’s monetary policy meeting next week to seek relevant copper futures. Trends in the market. Aluminum was quoted at $1,880/83, down $6 from Tuesday's close.