LME composite trading closing support resistance at 14th RSI 10th MA 30th MA three-month copper 3517 * 3435 * 3600 * 79 * 3461 * 3375 three-month aluminum 1858 * 1850 * 1900 * 64 * 1839 * 1788 London 8 January 1 news: The London Metal Exchange (LME) copper weakened on Monday, the copper price is currently at a record high of about 35 US dollars, investors are therefore reluctant to establish new long positions. LME a trader said, "For the current level to establish long Part, the market is a little cautious, because there is no clear reason to buy, and LME copper stocks are rising." Some traders said that there are rumors that more copper supply will emerge, it will trigger large-scale correction selling. LME Copper inventories rose to 30,900 tons last week, a 21% increase from the 31-year low of 25,525 tons hit on July 22. Dealers said it was rumored that another 20,000-30,000 tons of copper will enter the warehouse in the next two weeks. A European dealer Said, "expected that European copper inventories will increase, so that the price of copper is limited. But the increase in stocks is expected to be temporary. After the holidays, inventory will decline again." Dealers said that although copper stocks rose, but Still at a fairly low level. Inventory must rise to 100,000-200 ,000 tons, can make the shortage in the past two years to surplus. At 0703 GMT, the three-month copper was 3,513/18 US dollars per ton, which was 4 US dollars lower than last Friday's closing price, but it is still close to Friday. A record high of 3,546 hit. Aluminum futures set a three-month high last Friday and are still continuing to consolidate above the 1,850 support level. One trader said, “There is no special factor driving aluminum futures. Aluminum is only a follower. Copper and inventory changes." Three-month aluminum reported $1,851/56 per tonne, down $7.