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Last night's European and American sessions, the dollar index fell from a high of 97.
389 to 97.
1, London copper broke through the daily moving average oscillation upward, to a high of 6198.
5 US dollars / ton after the short-term downward touch the daily average of 6164 US dollars / ton, bulls entered the market on the dip, supporting copper prices upward, and then a narrow range fluctuated around 6195 US dollars / ton, the end of the session fell slightly back to 6185 US dollars / ton narrow range, the end of the day pulled up to the intraday high to 6214 US dollars / ton, closing at 6202 US dollars / ton
.
As the Brexit situation became a little clearer, the euro and the pound strengthened, investors took profits on the dollar, the US index fell slightly, and London copper ended the day's decline pattern
.
In the evening, copper prices rose straight from below the daily average under pressure in the afternoon, to 6083 US dollars / ton, and then maintained a volatile upward posture, in the US market, copper prices reached the intraday high of 6123.
5 US dollars / ton, after the short-term touch, copper prices fell slightly, long positions increased at the end of the session, the price rebounded to a narrow range around 6100 US dollars / ton, closing at 6100 US dollars / ton
.
On the news front, US retail sales in October were 0.
8% m/m vs 0.
5% expected and revised to -0.
1% from 0.
1% prior
.
Markets were boosted by the resumption of dialogue between the United States and China, and commodities mostly continued to be strong overnight
.
Overnight, a number of British officials resigned, Brexit expectations were unfavorable, the pound fell sharply, and the dollar rose
slightly.
