Shanghai copper shock to make up for the rise There is still high momentum in the short term

In terms of external trading, this week's LME March copper fluctuated all the way upward, after the early week rushed to a high of $6,500 after a slight retracement, Thursday night prices soared, Friday continued to rise high, the highest to $6,747, Friday domestic trading session closed at $6,729.
5
.

In terms of the market, spot copper prices began to rise all the way this week, downstream acceptance capacity is limited, buying is not good, except for Wednesday's copper price slight correction, downstream bargain replenishment, trading has been active
.
On Friday, spot copper prices jumped above 52,000 yuan / ton, due to the end of the month financial pressure, traders wait-and-see less mining, the overall trading was suppressed, the overall supply and demand of the market was slightly deadlocked, trading was still light
.

In terms of news, due to the recent Trump administration, the weak operation of the US dollar, accompanied by the continuous decline of inventories in the two cities, the import volume increased year-on-year, indicating that China's downstream consumption is strong, the market is confident in longing, and there is still a surge after the short-term madness, but pay attention to the risks
caused by too fast rise.

From a technical point of view, the KDJ gold cross diverged on the week k, the MACD gold cross, the price continued to stand above the 5-week moving average, and broke through the recent high, showing a strong show; On the day K, MACD golden cross, KDJ golden cross, short-term still have high momentum, beware of rushing back down
.