August 14 copper market morning review

The copper market was weak on Thursday, with copper prices testing their recent lows
again.
Overnight, copper fell sharply to close the long black candle, opening slightly lower at $6261.
5 today, close to last week's low
.
Shanghai copper opened low and fell sharply overnight, closing at a recent low, closing at 49650
.
Shanghai copper trading positions rose simultaneously, market sentiment improved after the big fall, Shanghai copper technology form is not good, short-term may continue to be weak
.
The future market is vigilant against the epidemic in the United States and the development of Sino-US relations, and the medium and long-term uncertainty is high
.

On a macro level, the number of initial jobless claims in the United States is less than 1 million, but because the new round of stimulus package has not passed, market concerns are still there, and the election has also kicked off, and the dollar has fluctuated low, looking for the next direction
.
The macro side lacks direction, the fundamentals of the copper market begin to work, and the domestic and foreign copper prices test the key support level
.
The U.
S.
-China talks on Saturday, waiting for the macro and copper markets to give direction
.

The supply side will also be gradually loosened, the market that supported the strengthening of prices in the early stage has gone to worry about the supply side, while the overseas epidemic has not been eased, the uncertainty of the international situation is high, and it also affects the market risk appetite, and copper prices are expected to continue to maintain a volatile downward trend
.