Shanghai copper maintains oscillating operation The lost land above is difficult to quickly recover

In terms of external trading, LME copper fell slightly after the opening in March, and then rushed up to $6,554 under pressure to fall, the price fell to around $6,523 and rebounded again, and the Asian market rose to $6,550 at the end of the day and then fell, and the final price closed at $6,534, up $2, or 0.
03%.

In terms of the market, the market trading in the mainstream trading session in the morning was weak, and after the sharp rebound of spot copper prices, market shipments increased, the shortage of goods was slightly eased, the market activity of receiving goods weakened compared with the previous day, the transaction was poor, and the copper resources were slightly better
during the day.
SME research shows that most traders continue to look at the copper market in the late period
.

In terms of news, as LME inventories turned down again, the US dollar index hovered at a low level, and copper prices rebounded again, but the black series fell again at the end of the day dragged down the copper market's gains, and in the short term, under the support of no fundamental favor, copper prices remained above
the 60-day moving average.

From the perspective of futures, MACD dead cross, KDJ dead cross oversold, Shanghai copper main force temporarily stood on the 5-day moving average, but the pressure at the upper gap is large, short-term or maintain the adjustment situation, the upper lost ground is difficult to quickly recover, will maintain the shock operation
.
Continue to pay attention to downstream procurement
.