Shanghai copper maintained a rebound trend and continued to consolidate at a high level in the short term

In terms of external trading, London copper opened at 5881 US dollars / ton, after the opening of London copper extended the daily moving average upward, and then relying on the daily average around 5919 US dollars / ton to stabilize, in the afternoon, as the dollar index lower, copper prices continued to open an upward trend, the center of gravity moved up to around 5932 US dollars / ton, intraday high to 5943 US dollars / ton, as of 17:23, London copper reported 5930 US dollars / ton
.
The US dollar index plummeted during the day, commodities rose, London copper continued to rise, and on the plate, a complete breakthrough was formed in technology, and it continued in the upward channel in the short term
.

In terms of the market, Shanghai copper rose rapidly after the opening, the value preservation of the holder was further trapped, narrowing the current copper discount shipments to make up for the loss, the discount narrowed obviously, speculators have no profit margin, most of the enterprises gradually enter the mid-year settlement state, the actual transaction is scarce, supply and demand are sawing, and the stalemate is becoming more and more obvious
。 In the afternoon, the market was consolidated at a high level, the market was more quiet, more enterprises entered the settlement state, the quotation was scarce, the inquiry was few, the spot discount was basically the same as the morning session, flat water copper newspaper discount 130 yuan / ton - discount 100 yuan / ton, good copper newspaper discount 100 yuan / ton - discount 70 yuan / ton, the transaction price was 47100 yuan / ton - 47250 yuan / ton
.

On the news front, U.
S.
long bond prices fell on Wednesday as the market saw the U.
K.
and ECB stance as more hawkish, despite previous reports that the market over-interpreted ECB President Mario Draghi's speech
on Tuesday.
The dollar hit its lowest level against the euro in a year on Wednesday after hawkish speeches by the governor of the Bank of England added to speculation
that European monetary policy turned hawkish.
The euro extended its rally against the dollar after Bank of England Governor Mark Carney said Britain might need to raise interest rates as excess capacity in the economy disappears
.
The day before, the euro recorded its biggest one-day percentage gain against the dollar in more than a year
.
After Carney's speech, the pound also jumped
.
LME three-month copper closed up 0.
4 percent at $
5,881.

Intraday Shanghai copper main 1708 contract continued to rebound, the end of the market closed at 47430.
short-term main support 44000, rebound broke through the 46500 line, 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
.