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The overnight Shanghai copper 2002 contract closed at 49,110 yuan / ton, down 0.
02%, with a volume of 65,000 lots, and long positions increased by 660 lots to 282,000 lots
.
Last night, copper prices fell first and then rose, mainly because British Prime Minister Johnson once again caused fears of a no-deal Brexit, the pound was revised downward, and the US index recovered after the previous weak performance, putting pressure on copper prices to fall
.
However, the unexpected reduction in EIA crude oil inventories announced in the evening caused oil prices to rise by $0.
7 per barrel in the short term, driving copper prices up
.
At present, the market has basically digested the macro favorable in the early stage, on the contrary, concerns about the impeachment vote and Brexit issues have weakened risk appetite, and copper prices lack upward momentum
.
At present, Shanghai copper closed negative, MACD red column shortened, copper prices are expected to face pullback pressure
.
In terms of spot, the market showed a light situation yesterday, although in the case of high discounts, the market buying couple has not seen an improvement, if the market price rises above 49,000 today, it is expected to increase the sentiment of stockholders
.
It is expected that today's Shanghai copper 48800-49200 yuan / ton, spot discount 100-discount 50 yuan / ton
.
