December 4 copper market morning review

Recently, the financial market is expected to adopt more economic stimulus policies in major economies such as the United States, which will provide favorable support for the prices of large types of assets, but the attitude of the new and old US authorities to China has not softened significantly, causing the market to still worry about the game of big countries, the reality of the traditional consumption off-season with colored fundamentals is diluted by optimistic future economic growth expectations, before some incremental funds poured into the "pro-cyclical" varieties led by copper and aluminum, and triggered short stop losses to expand the gains, short-term colored short stop losses to drive the expansion of the rise after the need to sort out and digest the gains.
However, the supply and demand expectation improvement and incremental funds are forced short or there are still expectations, the trend is not overestimated for copper and aluminum, and the short-term maintains more ideas
.

In the copper market, the low domestic inventory is still unresolved, and the market still has support
.
For next year's fundamentals, CRU's expectation is that the mine will remain tight due to the large smelting capacity and the high interference coefficient of the mine
.
Fine copper on is balanced
.
Our preference for copper is already more than halfway
through.
Technically, the LME has breached the 2018 high of $7,348 and targeted the upside at $
8,000 and $10,000.