Short-term support is better Shanghai copper or continue to be strong shock

In terms of external trading, London copper opened at 6955 US dollars / ton, the beginning of the session trading is light, along the daily moving average line of oscillation operation, the entire Asian session, showing a narrow finishing trend, volatility of less than 5 US dollars / ton
.
After entering European time, the strength of the dollar dragged down, and the positive market sentiment brought about by the previous ceasefire dissipated
due to Trump's trade war-related comments.
Copper prices have been falling all the way, spitting out the rise of nearly two days, and the decline slowed down after testing 6805 yuan / ton, and the shock operation
.
As a series of related news and remarks once again triggered investors' concerns about Sino-US trade, and the sharp rise of the US dollar suppressed today's sharp decline in London copper, giving up the gains of Wednesday and Sunday, but the whole number mark of London copper $6800 was temporarily supported, and London copper is expected to continue to test the effective support of $6800, looking for opportunities to recover
low.
Pay attention to US new home sales in April and pay attention to the trend of the US dollar
.

In terms of the market, Shanghai copper stood above 51500 yuan / ton, holders enthusiastically shipped, morning market quotation discount 80 ~ 30 yuan / ton, due to the lack of strong buying, holders took the initiative to lower the quotation, good copper was the first to be reduced to a discount of 50 yuan / ton to buy, flat water copper accelerated down to a discount of 100 yuan / ton, due to the supply of flat water copper, especially imported copper sources increased significantly, the favor of the transaction is not as good copper, the downward adjustment is also greater, the second trading session, flat water copper maximum has been expanded to discount 120 yuan / ton, dragged down by the low-priced imported flat water copper PASAR, GRESIK and other quotations of 140 yuan / ton, wet copper self-discount 140 yuan / ton to 170 yuan / ton
.
The market supply is increasing day by day, which has an impact on spot quotations, and the discount is further expanded before the end of the month, and the market gradually shows the characteristics of
oversupply.
In the afternoon session, the trend of the expansion of the discount all the way converged slightly, and the holders were hesitant to further expand the discount performance, but the market was generally happy, and the transaction was still based on the demand
for the monthly ticket.

In terms of news, US President Trump's remarks curbed the optimism of the Sino-US trade war, coupled with the black trend of the day once again short operation, dragging down the trend of non-ferrous metals, but copper market inventories continued to decline, the demand side remained generally stable, short-term support is better, it is expected that Shanghai copper will continue to be strong shock, the future China's macro economy will continue to maintain stable operation will be conducive to the medium and long-term copper price trend
.
From the perspective of futures, the main force of Shanghai copper MACD and KDJ double golden cross, copper prices above the stage high of 52200 yuan above the pressure, short-term still volatile operation
.