Shanghai copper opened lower, rose falsely after the opening, turned red in intraday trading, maintained a volatile market in the afternoon, and finally closed slightly higher. place
Contract * * *, 860,000 lots, 588 lots reduced, with a total position of 37 1 0,000 lots.
Last night, London base metals closed higher under short covering, and Lenton once returned to the support level around $6,500. But the same
At that time, last night, the German government announced restrictions on speculative measures such as naked short selling, and the market once again sold the euro in panic.
As a result, the US dollar index was pushed up and US stocks fell, all of which led to a sharp drop in Asian copper today. Domestic Shanghai copper
Today's trend is strong, and the intraday volatility rises. After the plunge, futures prices stabilized. Although the futures price has stabilized, it is in stock.
After the market plunged, it was still not hot, the spot rose slightly, and the market turnover was average. Overall, today's Shanghai Copper
The intraday upside was obviously driven by funds, and the intraday positions increased significantly, and the trading volume increased greatly, but the positions began to decrease gradually in the afternoon.
Short-term intervention funds are evacuated again. From this point of view, although copper prices closed at the bottom for two consecutive days, they experienced a sharp drop.
After that, the popularity of the copper market was still weak, with bulls mainly speculating in short positions and bears still occupying the dominant position in the market, so they opened positions.
If you leave on rallies, you can continue to short a small amount. In other news, the Collahuasi copper mine in Chile began to recover.
Normal.