LME market: The London Metal Exchange (LME) base metals mostly closed lower on Monday, as investors were cautious ahead of the US presidential election on Tuesday and profited after rising in the near future. As many European regions are on holiday, market transactions A moderate trader said that today's trading was sluggish and that people made a lot of observations before the election. Most of the investment funds did not appear, and many of them evacuated from the market on Friday due to the end of the month. "Since November, there may be Some people left the court, "a fund industry source said. LME copper: three-month copper gave up most of the gains on Friday when copper prices soared nearly 5%. Copper prices fell below the expected support at $2,850. Twenty-two dollars ($2,830) was reported last Friday at 2,882. "Comprehensive transactions closed at the low end of the current trading range, only rising above last Friday's high (around 2,890) to trigger a new round of uptrend," Mitsui Bussan studied daily The report stated that "until the U.S. election results were announced, the market was expected to be in range, and the support at 2,785 U.S. dollars should be able to hold on." LME Aluminium: Three-month aluminum fell to 1,806 from Friday's 1,817 U.S. dollars, but it seems that Has stabilized above 1,800. COMEX Copper: New York Commodity Futures The Copper Exchange (COMEX) closed lower on Monday and profit-taking and liquidation after the strong rise last Friday. A trader said, "After increasing more than 8 cents on Friday, it opened lower today and the market was simply unable to Stayed above the flat. Currently we are close to higher resistance, but lack of follow-through buying, which prompted people to lock in part of the profit." Indicator December copper closed down 3.00 cents to $1.3075 per pound, intraday trading The range was between $1.3050 and $1.3350. Spot copper fell 3.20 cents to $1.3155 in November. Traders said the market was "cautious" before the presidential election and when the option expired on Wednesday. In terms of fundamentals, the U.S. Department of Commerce announced that the annual construction expenditure in September was 1.014 trillion U.S. dollars, which was 136 million lower than in August. The data released by the Commodity Futures Trading Commission (CFTC) after the close on Friday showed that the net Speculative long positions decreased by 1,641. Date: 2004-11-2