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    Home > Chemicals Industry > New Chemical Materials > May 29 London Copper Afternoon Review

    May 29 London Copper Afternoon Review

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    During last night's European session, London copper continued to maintain a low rebound pattern until entering the beginning of the US market, testing a high of 5993.
    5 US dollars / ton, but then due to the strong rise in the US consumer confidence index, the US dollar performance rose strongly, copper prices were under pressure, all the way downward, the end of the session tested a low of 5957.
    5 US dollars / ton, closed at 5966 US dollars / ton, up 0.
    06% intraday, the volume was 10956 lots, and the position decreased by 550 lots to 401,000 lots
    .

    London copper

    Yesterday, due to the favorable US consumer confidence data, the US dollar rose, and Sino-US relations continued to stalemate, US shares were bearish, and copper prices were under pressure
    .
    Today, we need to pay attention to the large inflow of funds at the end of the Shanghai Composite Index yesterday, which is expected to be positive for today's market, but we also need to be wary that the current market sentiment on Sino-US relations remains bearish and the US dollar remains stable and high
    .
    At present, London copper and Shanghai copper both hold the support of the 5-day moving average below, and the technical support force is slightly weak
    .

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