Technical Analysis - LME copper futures aluminum will be in the recent trading range

London January 31 news, traders said that the period of copper futures aluminum will rise in the original range on a later date. Copper fell in the Asian market today due to a small profit-taking after the London market rose on Friday. At the same time, the higher US dollar also put pressure on the market. A European trader said that the fluctuations in the day will not be too large, the market will remain in the trading range, and supply tension is still a problem. At 15:40 GMT, 3-month copper was quoted at US$3,078/3,081. An LME floor trader said that if Copper exceeds US$3,100, it is estimated that it may continue to rise above US$3,120, or even US$3,140. However, if it closes below US$3,040, the outlook is bearish. Traders said that aluminum will follow the trend of copper in the period, will be in the $ 1,810-1,850 range of trading. At 15:40 GMT, 3-month aluminum was quoted at $1,834/38 per ton. Three-month closing support level resistance level Copper 3,086.00 3040 3100 Aluminum 1,842.00 1810 1850

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