September 17 copper market noon review

The National Development and Reform Commission issued the Plan for Improving the Dual Control Degree of Energy Consumption Intensity and Total Volume
.
U.
S.
retail sales rose 0.
7% month-on-month in August, down 0.
7% expected and down 1.
1%
in the previous month.
U.
S.
initial jobless claims last week were 332,000, compared with an estimated 321,000
.
Overnight, U.
S.
retail sales data sharply exceeded expectations, the dollar soared, the euro yuan tumbled, and non-ferrous metals fell
under pressure.

Copper fell sharply overnight to close the long black candle, opening higher at $
9369 today.
Shanghai copper opened sharply lower in the night session, rushed high and fell back to close slightly negative, closing below the 20-day moving average at 69270
.
Shanghai copper trading positions are declining, and market sentiment is biased towards wait-and-see
.
Shanghai copper rushed high and fell below the medium-term trend line again, and the macro uncertainty of the future market is high, and it may enter a range-bound market in the medium term
.
Shanghai copper upper pressure 72000, lower support 67000
.
Today's international copper premium fell sharply to 170 points, and the external trend weakened sharply
.