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Trade Service
Today, Shanghai copper as a whole is at a high level of
volatility.
Shanghai copper main contract 2003 opened at 49260 yuan / ton in the morning, first tested low after opening, then rose back to the highest point of the day, and then continued to fall slightly, Shanghai copper continued to fluctuate between 49170-49270 yuan / ton in the afternoon, until the end of the session slightly rose and closed at 49310 yuan / ton, up 390 yuan / ton, or 0.
8%.
In terms of spot, although the morning market is active in inquiry, but the transaction is difficult, the holders continue to lower the quotation to strive for the transaction, the end of the delivery, approaching the Spring Festival, processing enterprises gradually take a holiday, trading enterprises clear inventory settlement, the market will face the transaction is becoming lighter
and lighter.
Technically, the Shanghai copper main 2003 contract is longer and the upper shadow, the mainstream bulls reduce their positions more, and the short-term shock is expected to be weak
.
At present, the market focus has shifted to the signing of the phase one trade agreement between China and the United States, which has further intensified the market's optimistic expectations for the two countries after the US Treasury Department canceled the designation of China's "currency manipulator", while the worries about the US-Iraq war situation have been partially digested by the market, and Shanghai copper has maintained a stable high level under the guidance of optimism
.
At present, Shanghai copper closed the big Yang column, and has broken through the 40-day moving average resistance level, and the technical bullish sentiment has slightly gained the upper hand
.
In the evening, continue to pay attention to the US CPI data to test whether Shanghai copper can continue to maintain a stable high
.
