Construction Information (3.08): Copper, Aluminum
2022-08-18 07:04:09
He Haihai: The performance of domestic copper is relatively cautious today. Due to the weak spot trend, London Copper did not have a definite correction. Domestic transactions were light, and the funds sought were not much, but London did not keep pace with the rise. If London continues to consolidate above 3200, The power of short-selling will diminish over time. In terms of fundamentals, the support factor for copper prices has not been so strong. China's spot market has been in a state of overweight for the month, and Europe has also been weak. It has been evident since the end of last year. It seems that copper consumers have already met the short-term demand. The demand, or just because the price is high, has shrunk. From the current price rise of this commodity futures, we believe that the purchase of the US dollar is the main purpose of this fund's large number of positions. The overall trend of the rise is not yet over. Due to the lack of clear news stimulation at present, the price of copper is in shock consolidation. From the 60-minute chart, we can clearly see that Shanghai Copper is currently in the horizontal consolidation channel of. Therefore, we recommend trading in the operation. In this channel, we can adopt a high sell-low strategy to take short-term profits. At the same time, we use the upper and lower tracks of the channel as stop-loss, regardless of the price to break through in that direction, you can establish a position in accordance with the breakthrough direction after confirming that the break is effective. Operational advice: short-term operation.
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