In the London Base Metals trade on Tuesday, with the US dollar falling sharply against major currencies, investors speculated, with little data consideration, whether trade data to be released by the United States on Friday would rekindle the market’s concerns about the US current account deficit. Metals rose under the lead of copper. Three-month aluminum climbed to a 10-year high, while a decline in LME inventories also supported aluminum. Three-month aluminum closed up 29 U.S. dollars to 1987, before it rose briefly to 1988, which was higher since February 1995 hitting 2155. Affected by this, the domestic Shanghai aluminum main contract 505 opened higher at 16640 on Wednesday, and after a short touch of 16610, it was driven by a bullish buying decision. During this period, the company held a brief stop at the key resistance at 16,660 and was holding high. In the high-hidden buying transaction, the price broke through the important resistance at 16800 in one fell swoop, and then oscillated in the interval between 16880 and 16930 for the most part of the day, to absorb the upward pressure and profit selling, and to increase the buying price in the late afternoon. Into the end, higher than the end of the 16990 high prices closed all day. After the end of the session, the stock increased by 13104 lots, and the trading volume was enlarged to 42,068 hands to become the 505 contract historical days. On the fundamentals, the rising trend of alumina prices and the desire of London aluminum to prepare to hit the 2000 mark finally triggered Wednesday, intraday long buying is definitely not seen before, and up to now, the interval 16370-16660 up to 15 The closing of the trading day ended. From a technical point of view, nearly bald giant sun broke through the two important resistances of 16660 and 16800 in one fell swoop on Wednesday. Various technical indicators also sent out a strong bullish signal with a bullish signal. The short-term bullish target in the market is theoretically 17,500 in mid-term. Jingyi Futures: Takano
