The center of gravity of copper prices rose slightly, waiting for guidance from the outside market

On Tuesday, during the Asian session, London copper opened low at 6216 US dollars / ton, slightly fell to 6206 US dollars / ton at the beginning of the session, bulls took advantage of the low entry, copper prices were supported, broke through the daily moving average oscillation upward to the intraday high of 6236.
5 US dollars / ton, and then due to the Brexit negotiations and the uncertainty of the Italian budget, investors' risk aversion continued to ferment, the US dollar index was supported by this, maintaining stability at a high of 96, London copper gave up its early gains at the beginning of the session, fell back below the daily moving average, fluctuated around 6210 US dollars / ton, afternoon, The U.
S.
index strongly broke through the new high of 96.
158 in the past two months, the center of gravity of London copper moved down rapidly, the Asian market fell to a low of 6180 US dollars / ton, but then the US index fell sharply to spit out the gains, at the beginning of the European session, the US index has fallen below 96, and maintained the downward trend, copper prices fluctuated widely up to 6213.
5 US dollars / ton, during the repeated low of 6180 US dollars / ton, as of 16:50, London copper reported 6192.
5 US dollars / ton
.

In terms of the market, the US dollar index rose overnight, London copper fell under pressure of 6300 US dollars / ton, Shanghai copper under pressure daily average declined, morning holders still have the willingness to hold up prices, market quotation flat water ~ premium 30 yuan / ton, transaction activity is low, the market stops and watches, the holder adjusted to a discount of 10 yuan / ton ~ 20 yuan / ton, the market inquiry is positive, but the transaction is hesitant
。 In the second section of the trading stage, due to the lack of response, the blink of an eye took the initiative to reduce the discount to 20 yuan / ton ~ 10 yuan / ton, after eleven o'clock, the copper plate fell to 50200 yuan / ton, under the concentrated shipment of many traders, the market buying interest is low, good copper price to flat water transaction, flat water copper can be pressed to 30 yuan / ton
discount.
Copper and premium performance co-decline characteristics
.
If copper falls further to the 50,000 yuan mark, downstream replenishment and buying may be improved, and the discount can also be maintained accordingly
.
In the afternoon, the plate barely held the 50,000 yuan / ton line, the downstream does not seem to have much confidence in holding 50,000 yuan, still waiting for the opportunity to bargain in time, in the afternoon, there are still individual enterprises at a low price to throw off the low-priced source of the monthly ticket discount of 50 yuan / ton, but most of the holders are still insisting on the final monthly ticket quotation, in the afternoon flat water copper report discount 30 yuan / ton ~ discount 20 yuan / ton, good copper flat water ~ premium 10 yuan / ton, the transaction price with the fall of the plate fell to 50050 yuan / ton ~ 50200 yuan / ton
。

The main center of gravity of Shanghai copper fell all the way during the day, losing the support of the 5-day moving average, directly supporting the 20-day moving average, KDJ opening expanded, MACD green energy column dominance, pay attention to the performance of long and short positions, wait for external guidance, test whether Shanghai copper can hold the 50,000 yuan / ton mark
.