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LME composite trading closing support resistance 14th RSI 10th MA 30th MA three-month copper 3562/63 * 3500 * 3600 * 56 * 3568 * 3491 three-month aluminum 1886/87 * 1835 * 1910 * 55 * 1897 * 1862 London August 22 news: After the copper price has been revised down last week, this week is expected to stay near the current level, while the spot copper / three-month copper spread will provide support for the spread. Spot / three-month copper The inverse spread widened to 210/215 USD on Friday, and it was about 210/220 USD at the beginning of the trading session today. Spot copper/9-month copper spreads are also tight. Traders said that the market is at a moving average level. "The current copper price is widening. The midpoint between $3,500 and $3,600, the trend is more uptrend.†A trader points out. Since the middle of last week, as LME inventory levels have risen, copper prices have been pulled back from a record high of $3,670/ton, but corrective The trend did not trigger a lot of selling and prevented the market from being short. The Standard Bank said in the research report, “Technically, the copper seems to be in range, but it is still higher than the key 30-day moving average entry price of US$3,495. Greenwich Time 0653, three-monthly copper report At 3,570/75 per ton, it was 8 dollars higher than the closing price of late-night general trading on Friday. Aluminum futures are more resilient on Friday and aluminum prices are also relatively stable on Monday. Three-month aluminum is quoted at 1,888/92, up 2 dollars.