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August 20 Shanghai copper afternoon review

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

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copper ii fluoride

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Last night, the disk continued to maintain a volatile pattern, the center of gravity of London copper basically maintained 5760 US dollars / ton, Shanghai copper opened at 46720 yuan / ton, and then the shock fell back, the center of gravity basically maintained around 46660 yuan / ton
.
Holdings in the Shanghai Copper Index decreased by 2,298 contracts to 620,000 lots
.
The night session continued to fluctuate and hover, mainly due to the lack of good news release on the macro side, the lack of strength in the upward rush of Shanghai copper, and the overall stability
maintenance.

Shanghai copper

At present, the US dollar has rushed up to the 98.
4 mark, which has put pressure
on copper prices.
In Europe, the probability of a hard Brexit in the UK has further increased, the pound continues to weaken, the euro area announced that the final quarterly CPI annual rate at the end of July is less than expected, and the overall European economy has no signs of improvement, which is not conducive to copper prices
.
Risks on the US and US side remain, and the market needs to continue to pay attention to vigilance, which will form a guide
for copper prices.
Fundamentals have not improved yet
.
At present, Shanghai copper closed negative, the upper pressure 40-day moving average, the pressure to break through the resistance level is still large, and there is no obvious favorable information on the technical side of Shanghai copper
.

Spot prices are expected to remain stalemated today, and market holders are expected to remain high today due to the recent impact of long-term order deliveries
.
It is expected that today's Shanghai copper 46400-46800 yuan / ton, spot premium 40-liter 80 yuan / ton
.

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