The main center of gravity of Shanghai copper shifted down again, waiting for guidance from the external market

Externally, during the Asian session, copper opened low at $6185 / ton, and the copper price rose above the daily average at the beginning of the session, up to $6191 / ton, but due to the European Central Bank's announcement that interest rates remained unchanged during the day, there was no bright spot at the meeting, in addition to Italy, France also fell into a "budget crisis", the euro fell, the U.
S.
index was boosted by this, after the opening wide range fluctuated at a high of 96.
6, copper prices were under pressure, the shock fell below the daily moving average, short positions increased into the market, at the beginning of the European session, copper prices fell to a low of 6126.
5 US dollars / ton, Then the U.
S.
index fell slightly to touch the lower 96.
6, copper prices were supported, upward broke through the daily average and tried to stand, but because the U.
S.
index still maintained a strong pattern, copper prices fell back to a low of 6125.
5 US dollars / ton, as of 17:40, London copper reported 6132 US dollars / ton, down 1.
18%.

In terms of the market, the Shanghai copper pressure of 50,000 mark is weak and volatile, the morning market holders quoted a discount of 100~60 yuan / ton, the market stopped and waited and reacted cautiously
.
Small and medium-sized traders in the environment of still under financial pressure, once again there is a sharp downward trend, good copper took the lead in reducing the quotation discount of 90 ~ 80 yuan / ton, flat water copper followed to a discount of 110 yuan / ton, although the holder maintained an enthusiastic shipment trend, but the response was still dismal
.
In the second trading period, the flat water copper quotation discount is 120 yuan / ton, but there is still room for low price, good copper quotation discount around 100 yuan / ton, wet copper in a large number of low price dumping by individual traders, the quotation from the morning discount 170 ~ 180 yuan / ton to around
210 yuan / ton.
The market supply is abundant, the discount under the oversupply is rapidly declining, the market activity is reduced, the downstream is difficult to have optimistic expectations for the future market price, the market stops and waits to increase, and the trend of expanding the discount of spot in the future market will become more prominent
.
In the afternoon, the buying interest was weaker, the holders increased their shipments, and the expansion speed of the sticker was faster, but it still could not attract more transactions, flat water copper newspaper discount 140 yuan / ton ~ discount 120 yuan / ton, good copper newspaper discount 110 ~ discount 100 yuan / ton, the transaction price fell to 49580 yuan / ton ~ 49740 yuan / ton
with the fall of the plate.

The main center of gravity of Shanghai copper shifted down again during the day, directly under pressure on the 5-day moving average, the 10th, 20-day moving average tended to stick, the closing negative entity lost the support of the middle rail of the Bollinger track, and the MACD green energy column showed an expansion trend, paying attention to the performance of long and short positions, waiting for external guidance, testing whether Shanghai copper can hold 49500 yuan / ton
.