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Today's Shanghai copper opened high and low, fell into consolidation after the intraday shock downward, the overall market volatility was slow, and the main 2201 contract of Shanghai copper closed at 69570 as of the day, up 50, or 0.
07%.
Overnight Shanghai copper opened high and low, affected by the surrounding markets in Europe and the United States, overnight London copper once rose and rushed higher, but copper's own fundamental foundation is not good, the domestic RRR reduction only to the commodity market to form a short-term stimulus, demand is still the main driving force of copper medium and long-term price trends, and the recent copper supply tension pattern has eased, it is more difficult to form more promotion
in price.
It is expected that Shanghai copper will maintain a range-bound market in the near future, and the technical side will find effective support and have a rapid rebound, paying attention to the 6.
9-70,000 internal volatility, the news surface affects copper prices in the near future, pay attention to the rapid purchase and selling rate
.
Operationally, the position is mainly wait-and-see, and the downstream stock is just needed
.
