December 3 Shanghai copper afternoon review

Last night, the overall performance of the internal and external trading was a bottoming recovery, mainly because the US ISM manufacturing PMI was less than expected, and the US index quickly fell by about 50 points, which supported copper prices
。 At present, the weakness of the US manufacturing data in the macro has re-triggered the market's macroeconomic concerns, while the international trade situation is volatile, the market uncertainty is increasing, the United States will consider increasing tariffs on the European Union, and the recovery of the European economy is also suppressed, while Sino-US trade due to the recent Hong Kong-related bill issues reappear uncertainty, the overall risk aversion of the market heats up, CMX gold returned to the $1470 / oz position, back to the high level in nearly a week, the overall Shanghai copper higher There is
。

At present, Shanghai copper closed negative, has fallen below the 5-day moving average support, KDJ indicators formed a dead cross signal, it is expected that today's copper price low to maintain stability
.
In terms of spot, last night's market showed a significant downturn, it is expected that today's transaction will be better than yesterday, and the recent strong price of holders is expected to increase slightly
today's spot quotation.
It is expected that today's Shanghai copper 47000-47400 yuan / ton, spot premium 100-liter 130 yuan / ton
.