1. Due to the obvious differentiation of copper fundamentals at home and abroad, the trend of copper in Luntong was strong from July to September, while the price of copper in Shanghai continued to fluctuate around 5 1000. In September, the international epidemic resumed, and the newly confirmed cases in Europe and America rose sharply. The medium and long-term market still faces great uncertainty, and the prospect of the US presidential election is confusing. The epidemic situation in Europe and America, Sino-US relations and domestic off-season may greatly disturb copper prices, and the market attitude is very cautious. It is expected that the medium-term Shanghai copper futures may continue the volatility trend of 50,000-the previous high of 53,520. It is suggested that you can be optimistic around 50000 points and cautious above 52500 points. The upper pressure of Shanghai Copper is 53520, and the lower support is 48000.

2. Shanghai copper futures is a standardized futures contract with copper as the target, which is listed and traded on the Shanghai Futures Exchange. Both Shanghai copper futures and other futures products are actually relative to the spot market. The copper price in the spot market is the current price, which cannot reflect the future trend of copper price, while copper futures are people's judgment on the future price of copper price.

If investors want to do Shanghai copper futures, the first step is to open a futures account in a futures company. After opening an account, investors can contact your account manager and ask him to send you the download addresses of the mobile version and the computer version of the trading software. After you download it, you can log in for trading. In addition to buying and opening positions, Shanghai copper futures can also sell and open positions, which is a two-way transaction.

Market review

1. In the medium and long term, since 20 1 1 fell below the 55-week moving average, the 55-week moving average has become the critical point for Shanghai Copper to rebound. From the end of April to the beginning of May 2020, the uplink and downlink channels of Shanghai Copper Station went down and continued to rebound in the short term. From June to July, Shanghai copper continued to rise to a record high, and fluctuated in the range of 50000-53520 from July to September. After the holiday, Shanghai copper rebounded to 5 1000 again, and the medium-term probability continued to fluctuate at a high level.

2. After the surge of copper prices from May to July in 2020, with the arrival of the traditional off-season in China, the market situation changed in September. Domestic demand for copper has dropped significantly, spot imports have weakened, and copper prices in the internal market have obviously weakened. On the other hand, the external disk was supported by the European economic recovery and the uncertain mine output in South America, which led to a sharp decline in copper stocks, and copper continued to strengthen.