Fundamentals: Last year's world financial crisis has not been completely eliminated, and the global economy shows signs of recovery, which may be a process of repeated shocks. In order to cope with the crisis and restore economic development, countries have successively launched a package of economic stimulus plans, implemented proactive fiscal policies, issued a large number of currencies, lowered interest rates and improved liquidity. Among them, the policies of the United States and China are particularly concerned by the world. The depreciation of the US dollar, future inflation, the recovery of the world economy, China's demand expectation and other factors have led to the upward fluctuation of international metal prices. In China, a large amount of funds, led by the central government's 4 trillion investment, have not been fully invested in the real economy, and many of them have flowed into the more liquid financial markets-domestic stock market, futures market and speculative real estate industry, becoming hot money. This has also triggered people's inflation expectations. However, at the same time, the fundamental change in the relationship between supply and demand is not great. It's just that money dominates this wave of commodity prices.

Technical analysis: From the perspective of the moving average, it has always been a pattern of long positions.

Judging from macd, the yellow line is always above the zero axis. The upward trend has not been broken.

From the perspective of K-line combination, it is a pattern of repeated shocks, from a relatively low market area to a relatively high market area.

Market outlook forecast: this contract is coming to an end, and no one will do it again. It has been updated. Now the new contract is cu 1003, so it is meaningless to predict the contract of cu 100 1, because it will soon end and enter the delivery stage.

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