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December 27 Shanghai copper afternoon review

 Last Update: 2022-12-14
 Source: Internet
 Author: User

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The LME market was closed yesterday for Boxing Day
.
The U.
S.
index rose 0.
1% yesterday, and U.
S.
crude oil rose 8.
86%.

Overnight, the Shanghai copper 1902 contract gap opened high at 48400 yuan / ton, after the opening quickly down to 48220 yuan / ton around the narrow range, during the bottom of 48160 yuan / ton, then the short position reduction, the center of gravity straight line rose above the daily average 48400 yuan / ton near the oscillation, intraday short-term touch high 48550 yuan / ton, until the end of the session, the center of gravity slightly raised, the end of the session reached a high of 48500 yuan / ton, closing 48440 yuan / ton
.

Shanghai copper

White House economic advisers to investors "assured" Fed Chairman Powell that he would not be fired, and in the case of a comprehensive recovery in global financial market sentiment, the previous market panic was temporarily eased, copper prices may maintain a strong trend, and spot copper prices are expected to rise
today.

Yesterday, U.
S.
stocks, the dollar and crude oil rose together, the market was generally favorable, the center of gravity of Shanghai copper rose above the 5-day moving average, and tested the 10-day moving average, copper prices gained reversal momentum, but the upper resistance was 48550 yuan / ton pressure level, today test whether it can hold the current position, pay attention to the position again fell below 500,000 lots
.
Spot is expected to remain dominated by concentrated dumping by cargo holders today
.
It is expected that today's London copper 5990-6040 yuan / ton, Shanghai copper 48100-48550 yuan / ton, spot discount 30 yuan / ton - premium 50 yuan / ton
.

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