Prospects for LME copper and aluminum futures: Steady copper futures are expected to hit new highs again

Three-month composite trading closing support resistance at 14th RSI on the 10th MA 30th MA copper 3254.00 * 3200 * 3336 * 63 * 3255 * 3143 aluminum 1710.00 * 1690 * 1720 * 37 * 1740 * 1746 London June 15 news : Copper futures on the London Metal Exchange (LME) held steady during the quiet session on Wednesday, and copper failed to return to US$3,300. This made some traders disappointed, but this does not mean that copper has not reached new highs. Since last Friday, copper has reached a level of 3,300 US dollars per ton for three times, but it has been stopped due to a decline in buying momentum. Many traders and analysts expect copper to re-emerge on the record high reached in April 12, 3,336. Triland Metals Analysis Carson said in the report that the futures of copper are still neutral. If the 10-day moving average loses its sharp rise, the short-term copper may turn negative. At 0644 GMT, the three-month copper is at 3,260/65 US dollars per ton. The composite transaction closed up 6 US dollars on Tuesday evening. The three-month aluminum futures held steady above the eight-month low of US$1,700 hit on Monday, supported by trade and consumer buying below that level. Three-month aluminum reported 1,713 yen. / $1,716, up $3.

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