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On Tuesday, the main 1901 contract of Shanghai copper opened at 49690 yuan / ton in the morning, the copper price at the beginning of the session along the daily moving average narrow range, London copper opened a sharp downward trend, Shanghai copper with the fall, a large number of bears with positions, copper price center of gravity slowly fell below the daily average, during the period of the day low 49480 yuan / ton, bargain into the flat, copper prices slightly oscillated upward, and then along the 49600 yuan / ton line of narrow finishing
。 In the afternoon, London copper rose, Shanghai copper was boosted by this, slightly oscillated upward to above the daily moving average, at the end of the day, copper prices along the daily moving average narrow range, but mostly located above the daily moving average, closed at 49660 yuan / ton, down 340 yuan / ton, down 0.
68%.
Externally, during the Asian session, London copper opened at 6198 US dollars / ton, after the opening because the US index rose slightly to 96.
36, copper prices fell rapidly, touching a low of 6175.
5 US dollars / ton, and then because the much-watched US midterm elections are coming, market sentiment is on the sidelines, copper prices fluctuated in a narrow range at 6182-6190 US dollars / ton, under pressure on the daily moving average, the US dollar index rushed back down at noon, copper prices climbed to around 6200 US dollars to fluctuate and finish, during the period of many times touched 6206 US dollars / ton, The Asian market peaked at 6212 US dollars / ton at the end of the Asian session, during the European session, as the market was gradually digested by the optimism of Sino-US trade, the US dollar index was still at a high level, copper prices were frustrated, the center of gravity moved downward, during which it tried to rush back to the daily moving average again without success, and then fell to the intraday low of 6154 US dollars / ton after copper prices stopped falling and rose, as of 17:30, London copper was reported at 6197 US dollars / ton
.
In terms of the market, Shanghai copper fell slightly, fluctuating along the line of 49600 yuan / ton, and the price difference remained 70~80 yuan / ton
in the next month.
The decline in the market attracts some downstream to enter the market to replenish, the morning holder quotation quotation discount 10 yuan / ton ~ premium 20 yuan / ton, market inquiry positive, there is still room for price pressure, attract some traders into the market to receive, can be pressed to discount 20 ~ 10 yuan / ton to close flat water copper, close copper
near flat water.
But into the second section of the trading stage, after the low-priced source was bought, the quotation rose rapidly, flat water copper has been difficult to find a discount source, the quotation flat water ~ liter 30 yuan / ton, good copper can even rise to the premium 40 yuan / ton nearby, downstream gradually replenished, wet copper with the quotation discount 130 ~ discount 90 yuan / ton, the transaction is not as good as the morning market
.
After the copper price recovered, the market bought the dip slightly more, the enthusiasm for trade trading warmed up, and the transaction volume improved significantly compared with yesterday
.
In the afternoon, as the market rebounded slightly, the holders maintained their willingness to hold the price, and the premium rose again, but the high premium failed to attract the attention of the market, and traders closed the copper at a low price, and the good copper transaction maintained at 30 yuan / ton, which was relatively impressive
.
The main center of gravity of Shanghai copper fell slightly to between the middle and lower Bollinger bands during the day, but effectively supported the 10-day moving average, the MACD green energy column showed a narrowing trend, and the KDJ opening expanded
upward.
Continue to pay attention to the situation of short positions increase, wait for external guidance, and test whether the main force of Shanghai copper can recover the 50,000 yuan mark
.
