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April 3 London Copper Afternoon Review

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

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high copper

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Last night's European market, bears continued to increase positions, London copper basically showed a low shock pattern, at the end of the European session, down to a low of 6423.
5 US dollars / ton, and then entered the US market, the center of gravity pulled up to around 6440 US dollars / ton, and then maintained a downward trend, the end of the session straight down to 6410 US dollars / ton after slowly rising, closing at 6432.
5 US dollars / ton, trading volume 13257 lots, position increased by 4212 lots to 287,000 lots
.

London copper

Yesterday, the International Monetary Fund, the International Monetary Fund and the World Trade Organization (WTO) both issued warnings that trade issues were dragging down global growth, and risk aversion pushed the dollar higher, and copper prices came under pressure
.
Today, we pay attention to the PMI data of China and European countries for March, waiting for the data to guide the price, from the expected data, it shows some favorability
.

The dollar index rose to a three-week high on Tuesday, and overnight London copper came under pressure to the downside, the latest closing quotation of 6433 US dollars / ton, down 28 US dollars, or 0.
44%, the volume of 13253 lots decreased 6727 lots, and the position volume 286886 increased by 4212 lots
.

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