August 23 London Morning Review

Overnight, London copper opened at 4809.
5 US dollars / ton, during the Asian session, the US dollar was driven by hawkish remarks to open high and go higher, standing on the 5-day moving average, crude oil was affected by long profit taking and US drilling platforms increased for eight consecutive weeks to give up gains, London copper bulls sharply reduced their positions to avoid risk, copper prices fell all the way down below the 60-week line support; Entering the European session, London copper inertia is to continue to fall, low 4738 US dollars / ton, then copper prices rebounded, touched the daily average after the pressure fell back to the lowest level of 4735 US dollars / ton, overnight by the weakening of the US dollar support low level recovery, the end of the day continued to fall, and finally closed at 4758 US dollars / ton, down 50 US dollars / ton
from the previous closing price.