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January 8 Shanghai copper afternoon review

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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The overnight Shanghai copper 2003 contract closed at 48,770 yuan / ton, down 0.
23%, with a volume of 32,000 lots, and short positions increased by 1,680 lots to 121,000 lots
.
The news of the short-term war continues, and copper prices have been greatly affected, and it is recommended that it is not suitable to dig the bottom for the
time being.
Shanghai copper upper pressure 49500, lower support 48000
.

Shanghai copper

Last night, copper prices inside and outside the market first fell and then rose, and the pound sterling and the euro fell under the pressure of Brexit uncertainty and economic downturn, and the strengthening of the US index put pressure on copper prices; Subsequently, due to the poor performance of durable goods orders and factory orders in November announced by the United States, the US index fell at a high level, driving copper prices to recover their previous decline
.
This morning, there was news that the Assad US military base suffered air strikes, which may be Iranian retaliation, the escalation of the situation in the Middle East once again triggered a rise in market risk aversion, gold short-term rally above $1590, is expected to have a strong bearish
for today's copper prices.

At present, Shanghai copper closed negative, the lower broken Bollinger middle rail support, MACD green column amplified, and the technical picture continued to weaken
.
In terms of spot, the market has gradually weakened yesterday, trading is slightly deadlocked, and it is expected that today's stalemate pattern will remain unchanged
.
It is expected that today's Shanghai copper 48600-49000 yuan / ton, spot premium 50-liter 80 yuan / ton
.

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