Prospects for LME copper and aluminum futures: Fund buying is expected to push copper lower

LME composite trading closing support resistance at 14th RSI 10th MA 30th MA three-month copper 3,333.00 * 3300 * 3380 * 56 * 3308 * 3313 three-month aluminum 1,814.00 * 1800 * 1830 * 69 * 1749 * 1749 Reuters London July 14 news: The London Metal Exchange (LME) copper is expected to continue its previous upward trend in overseas markets on Thursday, due to the tight supply of incentive funds to buy, but the rising potential appears to be limited. 0705 GMT, three The monthly copper price was 3,362/67 US dollars per tonne, higher than Wednesday's overall trading closing level. A European trader said, "The copper is trading within the range of 3,380-3,300/3,320." He added, "Many people want to push up the market. , but they may be a little hesitant." Prior to the quiet trading in the Asian market, copper was boosted by the tight supply, but other base metals were under pressure due to the strength of the US dollar. Tin declined by 4.3% since the end of February. Lower. It has been reported that Asorco, a copper mine owned by the mining giant Grupo Mexico, has announced that due to strikes, the delivery of copper has encountered irresistible force. This boosting period of copper rose after the London market closed on Wednesday. In the past, before the fund to buy Aluminium rose to a two-and-a-half month high. During the time at 0655 GMT, three-month aluminum was quoted at $1,820/24, up $6 from Wednesday's composite trading session.