LME Comprehensive Trading Close Support Position Resistance 14th RSI 10th MA 30th MA
Three-month copper 3509/10 * 3450 * 3550 * 42 * 3589 * 3590

Three-month aluminum 1799/.5 * 1750 * 1845 * 35 * 1845 * 1876

LONDON, September 19: Dealers said on Monday that if the London Metal Exchange (LME) copper fails to rebound above the $3,500/ton level, copper prices may decline further, due to negative technical factors and recent fundamental conditions. Market pressure.

Aluminum will withstand similar pressure. Aluminum has fallen below the support level at $1,800/ton, while other metals are also expected to weaken.

The increase in metals, particularly copper stocks, and signs that investment funds have lost confidence in commodity markets that have been rising for a long time have caused metal prices to fall sharply last week.

"If the market continues to fall, I will not be surprised. Copper prices have fallen below the bottom line." A trader said.

The increase in stocks has caused the price of copper to deviate from the original trend, traders said, suggesting that consumer demand from the previous quarter may not be as strong as expected.

On Friday, the copper price hit 3,493, which is lower since August 10.

At 0704 GMT, three-month copper was at $3,500/ton per tonne, which was $9 lower than Friday's closing price.

Three-month aluminum fell below 1,800, and is likely to continue falling, although the relative strength index (RSI) shows near-oversold.

Standard Bank said that if the aluminum price is lower than 1,795, it may fall to 1,775/1,780.

Three-month aluminum reported 1,789/92, down $10 from the previous Friday's close.

Piston Ring

Piston Ring is a metal Ring used to insert the inner Piston groove,

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1,Compression Ring can be used to

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2,The oil ring is used to scrape excess oil from the cylinder



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