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During last night's European session, London copper rebounded slightly from the bottom of 6032 US dollars / ton in the afternoon to 6072 US dollars / ton near the daily moving average, and then entered the US market, copper prices still maintained a pressure daily moving average posture at the beginning of the session, and then because the US index rebounded back to the 97 position, bulls closed their positions, copper prices were pressured all the way down, falling below the $6,000 / ton mark to $5,955 / ton at the end of the session, closing at $5,956 / ton, down 2.
89%.
Overnight because investors are worried about Russian and US oil output and the global economic outlook, last night U.
S.
crude oil plunged 6.
24%, copper prices followed, London copper lengthened the physical green column, failed to get the support of the recent moving average, today pay attention to the UK, Germany November PPI data, Federal Reserve meeting dynamics, it is expected that today's copper price rebound space is not much
.
The Fed will announce its much-watched interest rate decision after the two-day policy meeting, and the market expects a high probability of this rate hike; An Indian court ruled on Monday that a 400,000-tonne copper smelter operated by Vedanta was closer to restarting, which could boost copper market supply, and copper prices are expected to fall
today.
