Shanghai copper afternoon review on September 17

At present, the European economy is still weak even if QE restarts, the Brexit attitude continues to be tough, and the risk is increasing again, dragging down the European economy and not good
for copper prices.
In the United States, the dollar once again stood at a high of 98.
6, even if the interest rate is expected to cut by 25 basis points, the dollar is still difficult to change, and the high US index will put pressure
on copper prices.
China's weaker-than-expected industrial and consumption data for August also did not help the copper market to remain high
.
Overall, the factors that pulled up copper prices from domestic and foreign news have basically been digested, and the essence of macro weakness continues to put pressure on the top of copper prices, and it is expected to remain low today
.
Today's focus is on the European Economic Sentiment Index data and the US industrial output data for August
.
At present, the Shanghai copper closing entity long black column, has fallen back below the upper Bollinger band, MACD indicator red column shortened, technical Shanghai copper momentum is insufficient
.

In terms of spot, today's market prices have fallen significantly, and low prices have attracted market purchases, and it is expected that the price of holders will remain strong, and even more so as the transaction
improves.
It is expected that Shanghai copper will be 47000-47500 yuan / ton, and spot premium 130-liter water will be 160 yuan / ton
.