November 14 London Copper Afternoon Review

Last night, London copper due to the morning news of Sino-US trade relations warming up, the upper shadow lengthened, almost recovered all the daily average, but in the afternoon China released October social finance data cut, the center of gravity is still below the 60-day moving average and the lower Bollinger curve, the Bollinger curve is currently showing a downward expansion trend, the Shanghai copper Bollinger track is expanding significantly, today pay attention to China's October industrial added value above designated size year-on-year data, China's October total retail sales of consumer goods data, Britain and France October CPI data, Eurozone third quarter GDP data expectations are unchanged from last month, concerned that the US index fell below 97 this morning, copper prices are currently greatly affected by macro factors, in the US index such a strong situation, it is expected that copper prices will remain under pressure in the short term
.

Fundamentals, copper inventories on the three major exchanges are low
.
The Fed confirmed that it will raise interest rates
gradually.
China will ban imports of the scrap seven categories at the end of the year, which is expected to boost the consumption
of electrolytic copper.
China's PPI fell for the fourth consecutive month in October, and car sales also fell
for the fourth consecutive month.
China's top trade negotiator, Liu He, will visit Washington to prepare
for talks between U.
S.
President Donald Trump and Chinese President Xi Jinping during the G20 summit in Argentina this month, the South China Morning Post reported.