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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper morning review on February 28

    Shanghai copper morning review on February 28

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Overnight, the main 1704 contract of Shanghai copper opened at 47910 yuan / ton
    .
    At the beginning of the session, around the daily moving average narrow range oscillation, with the depth of the external pullback, bears increased positions, Shanghai copper tested down 47440 yuan / ton, bulls not to be weak and strong, Shanghai copper rose above the daily moving average, touched 48060 yuan / ton, closed at 47930 yuan / ton, up 60 yuan / ton, trading volume decreased 192,000 hands to 133140 lots, and the position increased 574 hands to 192486 lots
    .
    Overnight Shanghai copper low rebound, trend hesitation, close doji line, domestic supervision to increase the base metal trend to form greater pressure, Shanghai copper is not as good as the external disk, is expected to operate in today's range of 47500 ~ 48100 yuan / ton
    .

    Shanghai copper

    Overnight, London copper opened at $5934.
    5/ton
    .
    Asian market early London copper continued the rally on Friday night, bulls increased their positions sharply, pulling copper prices up to 5954.
    5 US dollars / ton, but blocked at the 20-day moving average, as domestic media said that the National Development and Reform Commission investigated whether there was speculative speculation in the recent commodity futures market, base metals fell collectively, London copper with the domestic copper price leaked sharply, all the way back to 5888 US dollars / ton; Entering the European session, crude oil rally drove Lun copper back above the daily moving average, and tried to impact the Bollinger Road mid-band, the evening depth of the pullback to the low of 5877 US dollars / ton after the V-shaped counter-pump, returned to the middle orbit position, closed at 5939.
    5 US dollars / ton, up 25.
    5 US dollars / ton, trading volume minus 5588 hands to 12864 lots, position decreased 1065 hands to 323667 lots
    。 Overnight London copper closed a long lower shadow of the crosshair, short profit outflow driven the center of gravity compared with the previous trading day has risen, the upper 5, 20-day moving average adhesion to form a greater resistance, the upper breakthrough pressure is larger, it is expected that today's London copper operating range of 5880 ~ 5950 US dollars / ton
    .
    Today, we will pay attention to Trump's first important policy speech to all members of Congress, saying that he will mention specific plans for infrastructure investment, and data such as US inflation, house prices, manufacturing, and consumer confidence will also have a greater impact
    on the market.

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