Copper upward pressure is large, waiting for external guidance

In terms of external trading, Apanlon copper opened at 5621 US dollars / ton, the overall center of gravity moved slightly up after the opening, testing 5642 US dollars / ton, but the narrow range of fluctuations during the Asian session did not change, until the domestic Shanghai copper closed, due to the recent macro weakness is becoming more and more obvious, the trade environment has not improved coupled with the intensification of the British hard Brexit, risk aversion pushed the dollar up to a high of 99.
35, in addition to gold also performed higher, European session, bears actively increased holdings, copper prices under pressure quickly fell to a low of 5550 US dollars / ton, down 1.
06%, The lowest since
June 2017.

In terms of the market, Shanghai copper continued to fall under pressure to 46,400 yuan / ton
.
The market continued the previous day's quotation premium 70 ~ 110 yuan / ton, good copper transaction concentrated in the premium 100 yuan / ton around the bottom, good copper part of the source of goods as low as 90 yuan / ton of rapid transaction, flat water copper cargo premium 70 yuan / ton transaction active, after ten o'clock flat water copper premium 70 yuan / ton is difficult to find, the market price is 80 ~ 90 yuan / ton
。 Copper fell slightly, although traders have the willingness to receive goods at a low price, but the price space is limited, the spot quotation performance is stable, good copper rises above 100 yuan / ton transaction is limited, flat water copper price is strong, brands are difficult to have a price difference, the willingness of holders to raise prices remains unchanged, intraday transactions are still led by traders, and the market is again showing the characteristics of
sawing.
In the afternoon, because the market price was at a low level, the overall transaction atmosphere turned good, so the market has difficulty finding a low price, and the holder's quotation has risen to another level
.

The overall fluctuation range of the intraday plate is small, the center of gravity is basically stable around 46450 yuan / ton, the current global macro weakness continues to ferment, the US dollar high has broken through 99.
3, the risk of Brexit without a deal in Europe continues to ferment, dragging down the European economic situation, copper prices upward pressure
.
At present, Shanghai copper continues to close in the negative, the upper pressure is under Bollinger middle rail, and the technical surface is bearish for Shanghai copper
.
Wait for the guidance of the external disk to test whether Shanghai copper can stand at the 46,300 yuan / ton mark
.