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April 26 Shanghai copper afternoon review

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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Overnight, the main 1906 contract of Shanghai copper was driven by the external disk, the gap opened low at 48960 yuan / ton, after trying to test the height of 48980 yuan / ton in the short term, the center of gravity declined, the narrow range fluctuated at 48810 yuan / ton line, the overall pressure on the daily moving average, until the end of the session, bears continued to increase the impact, copper prices closed lower 48720 yuan / ton
.

Shanghai copper

Copper prices weakened yesterday as the US durable goods orders data for March eased market concerns about the US economy, and the US dollar reached a new high, pulling up to 98.
3
.
At present, London copper and Shanghai copper both fell and lost all the support of the recent moving average, and the technical performance was weak, and it is expected that today's market is difficult to favor the market
.

Spot today, due to the desire of holders to sell, continue to lower the quotation, the spot market transaction market is light, the current market continues to fall, the downstream on the price to wait and see, it is expected that today's transaction is still difficult to see positive
.
It is expected that today's Shanghai copper 48500-49000 yuan / ton, spot discount 70-liter 30 yuan / ton
.

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