Shanghai copper is strong oscillation, and the technical pressure above is obvious

Externally, London copper opened at 5844 US dollars / ton, after the opening copper price around the daily average of 5840 US dollars / ton running, intraday long and short contention, copper prices showed a volatile trend, in the afternoon, with the collective rise of commodities, copper prices straight up, touched to 5869 US dollars / ton, under the pressure of the upper 5-day moving average, bulls reduced positions, copper prices continued to pullback, as of 18:30, London copper reported 5826 US dollars / ton, down 22.
5 US dollars / ton
。 During the day, London copper showed a wide range of volatility, the upper average pressure is obvious, pay attention to the non-farm data, the expected data is good, or the copper price is supported, and then rush the upper average pressure
.

In terms of the market, the Shanghai copper shock sorting, the plate has been far away from 47,000 yuan / ton, the market continues to show a state of high shipment willingness, more quotations, fast price adjustment, good copper premium water reduction fast, flat water copper forced down, but some holders in close to the level of flat water, there is a reluctance to sell the top price, wet copper due to the small supply of limited expansion, traders favor low premium quotation of good copper, downstream just demand and low price, poor transactions, the market highlights the state of oversupply
。 In the afternoon period, Shanghai copper returned to rise, the end of the day rose rapidly, holders continued to sell at the high, downstream enterprises due to the weekend inquiry is few, traders because of the quotation has not further expanded and rarely traded, flat water copper reported a premium of 10 yuan / ton - premium 30 yuan / ton, good copper reported a premium of 30 yuan / ton - 50 yuan / ton, the transaction price is 46730 yuan / ton - 46830 yuan / ton
.
The market is fully characterized by the weekend
.

On the news front, U.
S.
Treasury yields rose on Thursday, with benchmark Treasury yields hitting a near eight-week high on expectations of a hawkish shift in global central bank policy and concerns that higher oil prices could boost inflationary pressures
.
Analysts said traders remained focused on hawkish speeches made last week by the heads of the European Central Bank and the Bank of England, which were bearish
for safe-haven Treasuries.
The dollar fell on Thursday after a weaker-than-expected release of U.
S.
labor market data confirming that the pace of interest rate hikes by the Federal Reserve will be slow
as the labor market cools.
LME three-month copper closed up 0.
2 percent at $
5,851.

During the day, the main 1709 contract of Shanghai copper closed slightly higher, the tail market closed at 47130, the rebound broke through 46500 after continuing to go long, the current trend, continue to maintain the rebound, short-term high around 48500
.
Therefore, those who have no positions continue to go long, and those who have long positions continue to hold
.