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    Home > Chemicals Industry > New Chemical Materials > April 25 London Afternoon Review

    April 25 London Afternoon Review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Last night, the performance of London copper at the end of the European market weakened, and was affected by the rise of the US dollar, at the beginning of the US market, copper prices from the previous high of 6466 US dollars / ton to 6433 US dollars / ton, and then rebounded by the support of the daily moving average, closing at 6441.
    5 US dollars / ton
    .

    London copper

    Yesterday, due to the second implementation of TMLF operation by the domestic central bank, market confidence improved, and in the evening, due to the poor performance of German economic data, the market hedging biased towards the dollar, the dollar hit a new high in nearly two years, and copper prices were hindered
    .
    At present, the pressure above London copper is multiple recent moving averages, and it has not been supported by the Bollinger mid-band, and the technical surface shows a strong support pattern
    .
    It is expected that today's favorable domestic policy sentiment will still support copper prices, but the upside is limited
    .

    Optimistic expectations for a Sino-US trade deal, as well as a slight improvement in the global economic outlook to boost the market, overnight London copper was strong and volatile, the latest closing quotation of 6442 US dollars / ton, up 28 US dollars, or 0.
    43%, the volume of 12092 lots decreased by 4975 lots, and the position 292764 increased by 429 lots
    .

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