Construction Information: Copper and Aluminum

He Haihai: On Monday, LME's basic metals basically fell back under the influence of technical operations. Copper was slightly repressed by profit-taking and technical selling. The turnover was slightly enlarged to 73,795. The aluminum future nickel price was weaker during the session and it may become a precursor to the short-term correction of the entire base metal market. Currently, as the Shanghai copper November contract is approaching delivery, the risk of short positions has begun to be exposed. Concerning the rumors that the State Reserve will receive 15,000 metric tons of goods in the November contract and that the subsequent contracts will continue to pick up goods, compared to the current inventory of only 22,934 metric tons, the support for the market can be imagined. On the fundamentals, the bullish atmosphere in the U.S. general election market weakened during yesterday's trading session. The Dow Jones Industrial Average and the Nasdaq Index rose slightly on Monday. The New York dollar rebounded against the euro on record lows on Monday, ending the U.S. election last week. After triggering a large market volatility, investors are currently closing hands and waiting for the US Fed’s meeting resolution on Wednesday. This Wednesday will be the time for the Fed to hold another interest rate again. The market is expected to raise interest rates again by 1/4. On the other hand, due to Bush’s re-election, some of his economic policies will continue, which may cause the United States to have a huge double deficit. Keeping it for a long period of time may cause the US dollar to remain weak for a longer period of time. Technically, London's copper finished lower and closed above the small Yin line, indicating that the price encountered resistance at the first line of 3,000 US dollars, and there was a demand for adjustment in the short-term. Operational advice: It is better for investors to wait and see or trade within days.