May 27 Copper Market Afternoon Review

The National Standing Committee has named "bulk commodities" three times in a row to crack down on hoarding and price gouging
.
The U.
S.
national home price index rose 13.
2 percent in March from a year earlier, the biggest increase since 2005
.
Today the European Central Bank will speak, the euro fell sharply overnight, the dollar and the yuan rose, and non-ferrous metals fluctuated
slightly.

Labor negotiations at Chile's copper mines remain uncertain.

Overnight, London copper closed the doji in a narrow range above the 5-day moving average, opening slightly higher at $
9968 today.
Shanghai copper opened slightly higher in the night, closing on the doji under pressure on the 5-day moving average, closing at 71790
.
Shanghai copper trading fell, positions rose, and market sentiment improved
.
The macro news surface has returned to neutral, and copper prices may continue to fluctuate in the short term, and there is support
below in the medium term.
Shanghai copper upper pressure 75000, lower support 71000
.
Today, international copper premiums rose slightly to 417
.