Brief review of Shanghai copper on January 8

Congress announced Biden's election, the political situation in the United States is clear, the market tends to more fiscal stimulus measures are expected to boost copper prices to record highs, and copper prices are expected to open up upside space in the near future with the support of macro benefits
.
It is expected that Shanghai copper will continue to fluctuate in the range at night, or converge some of the gains, and pay attention to the 60,000 support effect
at night.
The operation is fast forward and fast out, and the downstream is mainly
wait-and-see.

For the later trend of copper prices, the long-term trading logic of the market is still dominated by macro, and the economic recovery is expected to be strong after the promotion and use of vaccines, and under the stimulus policy, the currency continues to be loose, and copper prices are still expected to rise
.
In the short term, due to the year-end effect, demand gradually weakened, and although the short-term copper price trading logic gradually turned to macro, the fundamental foundation of the rise was not solid
.