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Last night, during the European session, London copper performance high volatility, evening by the US index down the weak impact, London copper short position, basically fluctuated at 6495 US dollars / ton line, during the high of 6503 US dollars / ton, at the end of the European market, copper prices began to perform downward fall, and then into the US market, copper prices all the way down, briefly stayed around 6475 US dollars / ton after the shock consolidation, the end of the session again down, short-term touch 6448 US dollars / ton after the low shock, close at 6459 US dollars / ton
.
Last night, U.
S.
crude oil reached a new high again, as API announced that last week's U.
S.
crude oil inventories fell, stimulating non-ferrous metals to rise, the center of gravity of London copper broke through the upper resistance 5-day and 10-day moving averages, the MACD indicator double-line downward trend eased, the domestic long-short game, the center of gravity of copper prices also moved
up.
Today, focus on the Fed's interest rate decision, the market expects to suppress the US dollar, and the upward pressure on copper prices will ease
.
The market is worried about the strength of the US economy and expects the Fed to adopt a dovish stance at this week's meeting, which put pressure on the dollar to boost base metal prices, and copper ran strongly overnight, with the latest closing quotation of $6459 / ton, up $26, or 0.
40%, with a volume of 13,607 lots down 1,423 lots and a 291757 of 7,059 lots off positions
.
