Affected by the external market, bulls left the market, and copper prices performed slowly downward

In terms of external trading, during the Asian session, London copper opened at 6466 US dollars / ton, after the opening copper price around the daily moving average narrow range, the center of gravity basically maintained stability around 6464 US dollars / ton, near noon, the center of gravity rose slightly to around 6475 US dollars / ton, during the period although there was a downward test of the daily moving average behavior, but still waiting for the opportunity to touch 6481.
5 US dollars / ton
.
At the end of the Asian session, due to the rapid rise of the US dollar, copper prices began to fall back
.
Entering the European market, London copper accelerated its decline, breaking 6400 US dollars / ton, testing 6396 US dollars / ton, as of 16:45, London copper reported 6397.
5 US dollars / ton
.

In terms of the market, Shanghai copper continues to hover around 50,000, the willingness of holders to hold up the price is strong, the initial quotation is at a discount of 80 yuan / ton ~ flat water, the market bargain buying increases, traders lead the market transaction, the morning market activity is high, a round of receipt leads to a rapid increase in the quotation of good copper to 10 yuan / ton, but flat water copper lacks market buying, can be received at a low price, the transaction is mostly at a discount of about 80 yuan / ton, and even a discount of 90 yuan / ton
。 Spot trading in the afternoon is still dominated by trade speculation, due to the narrowing of the price spread, and because the afternoon market has declined, downstream transactions have picked up, so the holders are not hesitant to quickly raise the good copper quotation, the afternoon good copper quotation premium of about 50 yuan / ton, the actual performance of the goods to sell is very obvious
.
This week, the market gradually entered the delivery period, the price difference of the next month is about 150 yuan / ton, under the promotion of traders, the premium will continue to rise, and it may be quickly pushed up to around
100 yuan in recent days.

The dollar index was at 96.
586 and U.
S.
crude was trading at $56.
14 a barrel
.
Intraday copper performed 3 consecutive negatives, closed negative solid column below the 10-day moving average, MACD indicator DIF curve performance downward, about to cross
with the DEA curve.
Pay attention to the Eurozone January PPI expectation of 2.
9% year-on-year lower than the previous reading, which will affect the trend of the euro and guide the market's risk aversion towards the dollar
.
Wait for guidance from the US index and crude oil to test whether London copper can hold the $6400/mt mark
.

The intraday Shanghai copper 1903-1904 contract spread is about 150 yuan / ton, and the 1904-1905 contract price difference is 70 yuan / ton
.
Shanghai copper closed long negative column, almost no lower shadow, the bottom of the 10-day moving average below the solid column, KDJ indicator curve performance fell sharply, waiting for external guidance, test whether the main force of Shanghai copper can hold the key integer of 50,000 yuan / ton
.