Some bears took profits and left the market, copper prices narrowly weakened

In terms of external trading, during the Asian session, due to the continued impact of the Fed's interest rate hike, the U.
S.
index returned to the 97 position, London copper gap opened low at $6004 / ton, the opening around the daily moving average narrow range oscillation, during the period touched 6012 US dollars / ton, then copper prices all the way down the shock, failed to hold the 6000 US dollars / ton mark, until the end of the Asian session, copper prices bottomed out at 5946 US dollars / ton, because the US index fell, copper prices rebounded back to the daily average above 5990 US dollars / ton near a narrow range, as of 17:30, London copper reported $6,018/mt
.

In terms of the market, Shanghai copper continued to fluctuate at a low level, and the market still did not stop
falling.
The market continues to ferment around the current month's invoice and the next month's invoice, maintaining a large price difference
.
The transaction is dominated by the invoice of the month, the holder of the invoice of the month is firm in the lift, the morning quotation of the invoice of the month is 30 ~ 90 yuan / ton, the source of low premium water is favored by the market, is quickly bought, under the active trading quotation rises, good copper raised to more than 100 yuan / ton, flat water copper concentrated transaction in the premium 30 ~ 40 yuan / ton
.
The market next month's invoice transaction is still rare, next month's invoice flat water copper quotation is as low as about 80 yuan / ton, good copper quotation flat water ~ liter 20 yuan / ton
.
Copper prices broke and fell, downstream orders increased, trading enthusiasm increased, downstream consumer buying and traders buying before the end of the year to show the last impulse, before the end of the year settlement market supply and demand side activity is still high
.
At the beginning of the afternoon, there is a deep V-shaped low rebound trend, downstream has the attraction of bargain hunting, holders continue to firmly raise the premium, the transaction is still positive, mainly still based on the monthly ticket, the afternoon monthly ticket flat water copper premium 50-70 yuan / ton, good copper premium 130-150 yuan / ton, the transaction price in the range of 48050 yuan / ton - 48400 yuan / ton
.

The main force of Shanghai copper fell in a stepped retreat during the day, the entity completely fell below the lower Bollinger band, and away from all recent moving averages, the MACD green energy column showed an expansion trend, KDJ tended to hold its mouth, paying attention to the US dollar index and bearish movements, waiting for external guidance, testing whether the main entity of Shanghai copper can continue to hold 48,000 yuan / ton
.