December 15 Shanghai copper brief commentary

Shanghai copper continued its weak performance, and the late day diving directly broke through the 68,000 line, challenging the low point since the second half of the year, and the market was worried about hawks before the Fed meeting, after all, it was the first meeting
after Powell officially admitted that inflation was not temporary.

At present, the demand for Shanghai copper fundamentals has not increased significantly, the market is mainly concerned about supply in the face of copper price support, the overall power pattern is not good, it is expected that Shanghai copper may still be weak in the near future, pay attention to whether the night trading can return to around 68,000, if there is a return, it will maintain a volatile pattern, if the Fed news continues to raise the US index in the evening, the copper price or form a trend pressure, below the support of 6.
75/66,500.