July 15 Shanghai copper afternoon review

In the evening, due to the market's increased expectations of the Fed's interest rate cut, the US dollar fell below the 96.
8 mark, while domestic social finance data exceeded expectations, which also strengthened the market's confidence in economic stability and supported copper prices higher
.
At present, affected by Powell's dovish remarks, the market is waiting for the Fed to further release the signal of interest rate cut, which is positive for copper prices
in the short term.
In addition, crude oil continued to be affected by geopolitical and climatic factors, and oil prices remained stable near the 60 mark, supporting copper prices
.
Today's focus on the upcoming domestic industry and social consumption data will guide
the market.

At present, Shanghai copper closed the solid long white column, the upper lead broke the 40-day moving average, the lower one was supported by the 10-day moving average, the MACD indicator red column was elongated, and the technical picture was favorable for copper prices
.

Spot today focuses on delivery, the current market is mainly for the current month contract quotation, the overall market trading sentiment is more deadlocked, today despite the impact of delivery, but the premium expectation remains high
.
It is expected that today's copper price will continue to maintain a high volatility pattern, and it is expected that Shanghai copper will be 46400-46800 yuan / ton, and spot premium 50-liter 130 yuan / ton
.