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Today, Shanghai copper continued its strong upward trend, the price hit a ten-year high, and the main 2104 contract of Shanghai copper closed at 64320 at the end of the day, up 1590, or 2.
53%.
Overnight, the number of U.
S.
jobless claims unexpectedly increased, the global stock market was weak and turned green, affecting the copper market in the morning with limited momentum, the impact of the 64,000 mark was delayed, and in the afternoon, under Goldman Sachs' sharply bullish copper market expectations, Shanghai copper once again broke through the 64,000 mark to continue its strong momentum
.
At present, the copper market is confident and maintains a strong outlook in the medium term, but the fundamentals driven by expectations have not yet been well realized, and it is necessary to pay attention to the high consolidation and accumulating power, and the night market may continue to be strong
after a slight adjustment.
Shanghai copper 65,000 pressure situation, the pressure level moved up secondary
.
The operation of the loader is mainly wait-and-see, and the short-term stocking consolidation enters
.
Yesterday is the first trading day after the holiday, benefiting from the rapid rise of the external market during the Spring Festival, Shanghai copper directly jumped high, leading the non-ferrous sector as a whole upward, as of yesterday afternoon's close, the inner market has been six consecutive Yang, the outer market has been ten consecutive Yang, the market is bullish, but we believe that everything has two sides, short-term copper prices rapid, sharp rise has obviously reflected in advance part of the market's expectations for the future market, at this time should not blindly chase higher, but should calm down, pay attention to what risks have begun to accumulate in secret, It is worth noting that yesterday morning the central bank's net withdrawal of funds was as high as 260 billion yuan, with the continuous rise of risk assets and the continuous control of the domestic epidemic, the central bank's attitude towards liquidity has been reflected in its behavior is very obvious, the subsequent tightening may come very quickly, the current market is obviously not paying enough attention to this
.
In the short term, wait for the price to pull back before making plans
.
