The center of gravity of London copper is completely under pressure during the period, and there are many short-term downward probes

On Friday night, the main 1905 contract of Shanghai copper gap opened 48820 yuan / ton, opened low 48810 yuan / ton, affected by the external market, copper price performance fluctuated higher, after testing 48990 yuan / ton, the center of gravity fell slightly to 48940 yuan / ton around narrow range, the end of the session performance straight up, recovered the gap at the opening, short-term high 49130 yuan / ton, copper prices fluctuated back, closing at 49030 yuan / ton
.
The trading volume of the Shanghai Copper Index was 106,000 lots, and the position decreased by 2,552 lots to 674,000 lots
.

Over the weekend, the US index came under pressure due to the US non-farm payrolls data for February falling short of expectations, which brought some room
for copper prices to rise.
However, judging from the recent trend of the US dollar, it is still at a high level, and the performance of several important economic data in February disappointed the market over the weekend, and it is expected that copper prices will not rise sharply today
.

The center of gravity of London copper is completely under pressure on the 5-day and 10-day moving averages, and the 40-day moving average and the 60-day moving average below form an adhesion, which is expected to be supported
in the short term.
Spot due to the recent contract spread performance of Shanghai copper continues to expand, and the plate price is relatively low in the near future, is expected to attract downstream replenishment, but due to the current pressure of holders to sell, so the market is mainly based on the holder's cash, spot quotation is expected to be
deadlocked.
It is expected that today's London copper 6370-6430 US dollars / ton, Shanghai copper 48800-49250 yuan / ton, spot discount 150-discount 40 yuan / ton
.