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    Home > Chemicals Industry > New Chemical Materials > March 28 London Copper Afternoon Review

    March 28 London Copper Afternoon Review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Last night in the European market, London copper around 6333 US dollars / ton after the shock consolidation, began to test upward, until the end of the European market, short-term high 6352 US dollars / ton, failed to perform high stability, the beginning of the US market, bears into the market, copper prices fluctuated downward, and then straight down to the low of 6302.
    5 US dollars / ton, the session for copper prices to rise at a low level, closing at 6336 US dollars / ton
    .

    London copper

    Last night, U.
    S.
    crude oil fell sharply in the middle of the energy information administration's EIA crude oil inventory by 2 million barrels last week, and base metals followed suit, but eventually recovered the decline
    .
    Crude oil prices have recently been firm, adding strength
    to copper prices' resilience.
    At present, the upper part of London copper is under the adhesion pressure of the 5-day and 40-day moving averages, and the lower band of the Bollinger curve is firmly held below, and the Shanghai copper closing negative doji has not yet been supported by the near-day moving average
    .

    Emerging market currencies such as the Turkish lira, the Brazilian real and the Mexican peso tumbled, boosting the dollar index to continue to rise, and overnight London copper came under pressure and volatility, the latest closing quotation of 6336 US dollars / ton, down 16 US dollars, or 0.
    24%, the volume of 11721 lots decreased by 409 lots, and the position 286388 increased by 1388 lots
    .

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