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Last night, the overall internal and external plates showed a high opening and low trend, Shanghai copper rushed straight to the high of 47220 yuan / ton in the morning, and then continued to test, closing below the 47000 mark to 46950 yuan / ton position, down 0.
15%, a small number of bears into the market
.
Last night, mainly due to the announcement by the Ministry of Commerce that China and the United States will hold the twelfth round of high-level consultations, Shanghai copper opened higher in the evening, followed by the release of durable goods orders data in the United States better than expected, the US index continued to maintain a high level, putting pressure
on copper prices.
Last night, the ECB left all three interest rates unchanged, but adjusted its forward guidance and is expected to leave the current key interest rate unchanged or lower until at least the first half of
2020.
At the macro level, the overall slowdown weakened the momentum of copper prices
.
In terms of crude oil, the weakening of demand in the macro environment has caused oil prices to rush back down, which is bearish
.
Today's Shanghai copper closed the solid long black column, downward test of the Bollinger mid-band and 20-day moving average, MACD indicator weakened, technical lack of upward guidance
for copper prices.
Due to the basic delivery of long orders in recent days, and enterprises need to do settlement at the end of the month, the market has turned light, and the pace of low ticket prices next month will drive the market to slightly reduce quotations
.
It is expected that today's Shanghai copper 46800-47100 yuan / ton, spot flat water - premium 60 yuan / ton
.
