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    Home > Chemicals Industry > New Chemical Materials > July 11 Shanghai copper afternoon review

    July 11 Shanghai copper afternoon review

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Last night, the overall performance of the internal and external market was a high opening and high trend, Shanghai copper jumped high at 46,510 yuan / ton in the evening, and then followed the external market all the way to 46,690 yuan / ton, an increase of 1.
    26%, and the Shanghai copper index position in the evening decreased by more than 20,000 lots to 604,000 lots, mainly
    short positions.
    In the evening, the US dollar plunged due to the dovish comments of Federal Reserve Chairman Jerome Powell, while the US EIA crude oil inventories fell sharply, boosting oil prices all the way, and the double positive factors made copper prices sharply higher
    last night.

    Shanghai copper

    At present, the market is expected to strengthen the Fed's interest rate cut, and the dollar is under pressure to fall back to near the 97 mark, which is good for copper prices, but the global macroeconomic slowdown trend is difficult to change, the market risk aversion is still serious, and copper prices still have limited
    room to rise.
    At present, the Shanghai copper gap is prospecting, the closing sun entity broke through the Bollinger middle rail, and the 5-day moving average support below, the KDJ indicator formed an upward fork point at the low level, and the technical picture has improved
    .
    Today's copper price is expected to remain high and volatile
    .

    Spot today, due to the sharp rise in plate prices, will inhibit some downstream buying sentiment, market transaction enthusiasm will weaken, it is difficult for holders to continue to raise the pace of quotations, quotations are expected to be lowered
    .
    It is expected that today's Shanghai copper 46400-46800 yuan / ton, spot premium 50-liter 110 yuan / ton
    .

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