Standard Bank Ratings: Rising Water Support Prices in December (12-13)

The base metals rose sharply, covering the losses of last week's losses. With the expiration of December, trading activity re-warmed. Once the expiration date of December expires, the state of premium will relax, putting pressure on prices, even if the price is to a large extent dependent on the US dollar. The U.S. dollar will be supported by U.S. economic data (industrial production, trade accounts, housing starts, unemployment claims, CPI). In addition, these data will also have a key effect on the base metals. Of course, there is a constant end-of-year closing factor that affects prices. Price fluctuations may increase. Copper: Technically, the closing performance was good, but the resistance was obvious. The 3030 at the closing station can improve the overall situation. Aluminum: Technically, if the current rally is to continue, or if the 1860 is further tested, the price should break through 1820.