Shanghai copper shocks do not change Shanghai aluminum trend weakness overnight London copper copper rose by the stimulation, continue to rise. The copper market's entire day's trading at the time of opening determined the increase of the day, and then entered a state of light sales, and maintained the gains to the close. The London copper gains benefited from the weak US dollar support for copper prices, followed by rumors about the strikes in Chile and the United States that also stimulated prices. The recent poor performance of U.S. economic data has caused investors to lack investment interest and the market needs to be revised and consolidated. From a technical point of view, the effective breakthrough in copper price of 2730 U.S. dollars will hit the target of 2780 U.S. dollars, and support will be at 2680 U.S. dollars. Shanghai copper did not effectively expand the rate of increase, today's trading range is around 160 yuan, the day's trading around 25,900 yuan -26,000 yuan. In view of the fact that the current market in London has not yet formed a breakthrough trend, the shock pattern of Shanghai Copper has not changed. Alluminium's trend on Monday was above 1700, and closed at $1732. Traders are still watching the progress of Alcoa's Aluminerie de Becancour aluminum smelter union and company management in Quebec, Canada, on Monday. The union said Tuesday that it will vote on the more end of the labor contract and expects results on Wednesday. Shanghai Aluminum shocked higher during the session today, and the transaction was still light. The current market has lost its upward momentum, and the outlook for Shanghai aluminum has remained weak. (Li Ling)
