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August 15 Shanghai copper afternoon review

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Last night, the overall performance of the internal and external trading was a low-level shock pattern, the center of gravity of London copper basically fluctuated around 5760 US dollars / ton, Shanghai copper opened low at 46400 yuan / ton, and the evening low was 46350 yuan / ton, and the Shanghai copper index position increased by 5200 lots, mainly
short positions.

Shanghai copper

Last night's copper price decline was mainly because the good news of the previous day's trade had been digested, investors were not optimistic about the economic prospects, the market risk aversion increased sharply, and the dollar rushed to the 98 mark
.
The current uncertainty of trade conditions combined with the current situation of economic weakness has put pressure on copper prices and is difficult to rush higher
.
It is expected to continue to maintain the pattern of volatility weakening today, the current Shanghai copper closed positive, the upper pressure of many moving averages, KDJ indicators bearish expansion, technical also bearish copper prices
.

Spot is facing delivery today, spot quotations have shown signs of aligning with delivery levels since yesterday, and the current front-month contract spread is still widening, and spot premiums will continue to be high today
.
It is expected that today's Shanghai copper 46200-46600 yuan / ton, spot premium 60-liter 120 yuan / ton
.

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