Shanghai copper fluctuated slightly, and the short-term is expected to continue to make up for the rally

In terms of external trading, due to technical failures, LME14:00 resumed trading prices, the market trading was light, copper prices around the daily moving average of 5750 US dollars / ton a line of consolidation, to the European session, as the US dollar index fell to 100.
81, bulls enthusiastically increased their positions, the plate quickly rose to 5847.
5 US dollars / ton, and then a small number of long outflows, London copper pullback, as of 17:10, London copper reported 5809 US dollars / ton
.
Intraday benefited from the decline of the US dollar, London copper strong rise, the later trend still relies on the US dollar guidance, expected to continue to rise, the US dollar or continue to weaken, London copper has gradually London copper showed a strong shock trend
.
The bottom position of the London copper has gradually moved away from the middle Bollinger orbit and gradually moved closer to the
upper rail.

On the macro front, Trump's failure to detail the new infrastructure spending plan in the press conference disappointed investors who had expected the policy to be favorable for copper market demand
.
Later, Trump held a press conference and his speech did not touch on infrastructure spending, tax cuts and other topics that the market expects to stimulate the economy, which put pressure
on the dollar.

In terms of the market, Shanghai copper is sorted out at a high level, the pace of speculators entering the market has slowed down, the willingness of holders to hold prices has weakened, and after entering the second trading period, they have taken the initiative to adjust copper quotations to seek transactions, flat water copper took the lead in adjusting prices, and the whole line of discounts expanded shipments near noon, and premium copper was also close to flat water level quotations, the market oversupply showed obvious signs, diversified brands, still failed to see the downstream obvious entry into the market, traders also gradually declined, and the transaction was weak
。 In the afternoon, the center of gravity of Shanghai copper operation shifted slightly, and the holders continued to increase shipments, good copper premium quotation flat water - premium 40 yuan / ton, the actual transaction price is mostly about 30 yuan / ton of premium, flat water copper quotation maintained at 60 yuan / ton - discount 10 yuan / ton, afternoon transaction price concentrated at 46550 yuan / ton - 46750 yuan / ton
.

In terms of industry, according to Mandarin Finance, an official from Indonesia's Ministry of Mines said that in accordance with relevant regulations, the American Freeport McMulan Copper and Gold Mining Company and other copper miners in Indonesia suspended concentrate exports
indefinitely.
Judging from the past resolution of the expiration of the export license of free ports in Indonesia, the export license is generally extended soon after the expiration of the license, waiting for the situation to become clear
.
From a technical point of view, copper prices fluctuate slightly, considering the risk of capital withdrawal at the end of the year, it is recommended to look for good short-term operation opportunities
.