March 26 London Morning Review

The recent intensification of trade frictions, on March 22 Trump signed a memorandum of understanding on China to impose tariffs on 50 billion US dollars of Chinese goods, the market panic once spread, last Friday the global stock market, commodity futures market most of the hit hard
.

Due to the escalation of the Sino-US trade war threat, market worries spread, the weekend night metal closed down across the board, basically down to last year's 12 low, London copper night trading fell back below $6700, fell back to the low level of nearly three months, the overall trend obviously turned weak and cautious, in the long run, the shortage of scrap copper supply to copper prices is better support, the technical above the average resistance is still somewhat suppressed, in the short term there is no obvious positive support for the fundamentals, bearish factors are still dominant, it is expected that today's London copper or maintain around $6600 oscillation, It is difficult to be optimistic
in the short term.