Shanghai copper afternoon review on September 3

At present, market sentiment is still more affected by Sino-US trade, Trump's optimistic comments on the trade outlook have boosted market sentiment, trade tensions have eased, but the substantive problem has not been resolved, and potential risks
still need to be vigilant.
In the United States, orders for durable goods in July were better than expected, and the dollar also returned to a high of 98, putting pressure
on copper prices.
Crude oil has slipped to a low around 52 on increased supply expectations
.
Economic weakness in Europe is still intensifying, with Germany's IFO business climate index falling to its lowest level in nearly seven years in August
.
Overall, market sentiment is still dominated by trade conditions, and risks are still large, but the macro situation is weak and difficult to change, which is not conducive to higher copper prices
.
It is expected to continue to maintain a low volatility today, and the current Shanghai copper close in the sun, but there is still pressure on many moving averages above, and the upward resistance is still large
.

Spot Although the delivery of long orders has ended, the high price bureau in the market remains unchanged
.
Today, as the market began to recover, the price rise inhibited the market trading sentiment, but because the supply of goods in the hands of cargo holders is not abundant, the willingness to raise prices is strong
.
It is expected that Shanghai copper will be 46200-46500 yuan / ton, and the spot premium will be 50-90 yuan / ton
.