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November 3 copper market noon review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Copper market afternoon comment: Europe and the United States October manufacturing data is strong, overnight London copper was shocked to close up $60, China promotes the sustainable development of the new energy vehicle industry, the economy is steadily improving to support consumption, copper is rising
today.

Copper City

Overnight, London copper opened low and closed high on the 20-day moving average at Zhongyang Station, closing at $6773, and U.
S.
copper opened
slightly higher today.
Shanghai copper opened higher and closed higher in the middle of the night, closing near the 20.
60-day moving average at 51450
.
Shanghai copper trading positions have declined, and the market wait-and-see sentiment is strong
.

The US election starts tomorrow, the market may fluctuate sharply, and the future market may have a directional choice, if Trump is elected, it will be good for the market
.
It is expected that Shanghai copper will still have a high probability of oscillating
in the range of 50,000 to 53,000.
Upper pressure 53520, lower support 50000
.

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