Prospects for LME Copper and Aluminum Futures: Copper material falls into a narrow range

LME composite trading closing support resistance at 14th RSI 10th MA 30th MA three-month copper 3346.00 * 3300 * 3400 * 69 * 3169 * 2561 three-month aluminum 1842.50 * 1800 * 1850 * 75 * 1778 * 1754 London 7 News on the 15th: The London Metal Exchange (LME) copper futures are expected to trade within a narrow range of 100 US dollars in a lack of liquidity on Friday. The tight supply of copper will provide support at 3,300, with strong resistance at 3,400. At 0655 GMT, three-month copper was at $3,367/372, which was $21 higher than Thursday's consolidated trading price. A Japanese trader said, "When trading in Asian markets, three-month copper prices rose by about $20, But the market is extremely lacking in liquidity." "The Japanese market has been particularly quiet, and the overall trading volume in the Asian market is low." "There may be some short covering, but there is a lack of fundamental factors that support price increases because the news of Asarco's strike has been Digested, although it recently announced the cancellation of the contract." Copper Corps CEO of the Mexican group Asarco said on Thursday that Asarco was unable to fulfill the supply contract for the first time since the strike because it was located in Dirk. The raw material copper in the refinery of Saskatchewan was depleted. The trader’s success and the strengthening of the US dollar against Asian currencies also constrained the gains, although the US dollar was little changed against the Euro. Aluminum remained steady after having benefited from fund buying. The price rose to a two-and-a-half-month high on Wednesday. At 0655 GMT, the three-month aluminum was quoted at $1,840/843, down $2.50.