January 20 Metal Operation Suggestions

LME copper remained at a high level supported by tight spot prices, but the dollar's rise limited the height of the price, closing at 3025 US dollars. The current LME copper trend is still within the control of the fund, and the short-term price is still high . Shanghai copper will remain high due to the company's preparedness and stock availability, and at the current price, domestic copper will not be imported much. This phenomenon will continue until the end of the year. Therefore, the short-term Shanghai copper will remain unchanged. The fall was only driven by the London copper. Its space will be limited by the tight spot. Shanghai copper is expected to oscillate. Operation suggests that investors take a short position to wait and see. LME aluminum closed at $1833.5. Aluminum prices are still sideways, and the current aluminum market has lost short-term upside momentum while positions have continued to decline, and the fundamentals have not seen much bullishness or bearishness to keep prices still sideways. It is expected that Lon Ae will continue its sideways short-term and must have a price drop before the price rise. Shanghai Aluminum also maintains sideways. The supply of goods in the domestic consumer zone is still insufficient. This has little support for prices but it is not enough to drive up prices. Operationally, it is recommended that investors wait for buying opportunities. Date: 2005-1-20

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