Copper prices are consolidating in a narrow range and waiting for external guidance

In terms of external disk, London copper rose steadily
.
During the Asian session, London copper opened at 6109 US dollars / ton, after the opening until noon copper prices around the daily moving average narrow range oscillation, during the bottom of 6095.
5 US dollars / ton, the amplitude range does not exceed 20 US dollars / ton, investors wait-and-see sentiment is stronger, in the afternoon, due to the US dollar index fell fiercely, fell to around 96.
7 at noon, because the draft Brexit agreement was passed by the cabinet, the euro rose, the dollar was under pressure, copper prices were boosted, all the way to the shock higher, at the beginning of Europe and the United States, the center of gravity of copper prices remained stable at 6162 US dollars / ton, Bulls entered the market with their positions, copper prices climbed again to 6190 US dollars / ton around narrowing volatility, during the period of touching 6208 US dollars / ton, then the US index recovered, copper prices fell slightly, as of 17:30, London copper reported 6170.
5 US dollars / ton
.

In terms of the market, Shanghai copper rose back above 49,000 yuan / ton in a narrow range, the early interval monthly price spread fluctuated in the range of 130 ~ 150 yuan / ton, the market quoted on the 1812 contract, the holder quoted a discount of 50 ~ discount of 20 yuan / ton, the market transaction was slightly hesitant, the holder lowered the quotation, good copper concentrated discount 40 ~ discount 30 yuan / ton, flat water copper discount 70 ~ discount 60 yuan / ton, the source of discount expansion is favored by the market, traders take the lead in entering the market to receive goods, mainly for good copper buying positively
。 Due to the sharp fluctuation of the price difference every other month, there is almost no room
for price pressure.
As the price difference narrows to less than 100 yuan in the next month, the market quotation narrows the discount quotation, good copper receives a discount of 20 ~ discount of 10 yuan / ton, flat water copper discount of about 40 yuan / ton, the enthusiasm of the transaction after the quotation is raised, the willingness to receive goods downstream is little, wet copper digestion is more difficult, the discount for the 1812 contract is about 160 yuan / ton, and the flat water copper opens the price difference
.
In the afternoon, the holders intended to pull up the premium, and traders favored good copper, continued to receive goods at low prices, and the transaction was positive
.

During the day, the main force of Shanghai copper recovered all the losses this week, the high of the red column closed back to 49510 yuan / ton line, and closer to the Bollinger middle rail, directly under pressure of the 20, 40-day moving average, the two moving averages tend to stick, MACD green energy column narrowed, KDJ tends to converge, waiting for external guidance, pay attention to the short position reduction, pay attention to the guidance of London copper, whether the main force of Shanghai copper can continue to charge and fluctuate
at the 49500 yuan / ton line.