Shanghai copper afternoon review on August 19

The United States announced that the University of Michigan consumer confidence index in August was less than expected, the dollar fell back from its high, and copper prices soared in the short term
.
At present, the overall macro is still showing a weak situation, while the Sino-US trade situation is still foggy, investors are generally pessimistic about economic expectations, the market prefers safe-haven assets, the yield of US Treasury bonds continues to decline, gold maintains stability at a high level, and on the whole, the macro situation is still bearish for the copper market; Fundamentals are still difficult to see demand at present, and it is difficult to drive copper prices
.
It is expected to continue to maintain the low volatility pattern
today.
Shanghai copper is currently closing in the sun, the upper pressure is on many moving averages, the upward resistance is large, the KDJ indicator performance is bearish crossover, the technical situation is difficult to say good
.

In terms of spot, the recent market transaction is more active, and considering the delivery of long orders this week, the overall trading sentiment of the market has become stronger, which also gives holders the opportunity
to hold prices.
It is expected that today's London copper 5730-5770 US dollars / ton, Shanghai copper 46300-46550 yuan / ton, spot premium 30-liter 70 yuan / ton
.