Construction Information (3.18): Copper, Aluminum

The "Risk Warning" section of the journal aims to describe the risk of long and short positions through the icon of the star flag. It can be used as a reference for investors when dealing with open positions. In practice, investors need to trade according to their own short-term lines. Different strategies and different varieties of fluctuations in the characteristics of a specific grasp. The specific star classification criteria are as follows: ☆ The reverse run range of new-year closing price may be less than 2%. ☆ ☆ The reverse run range of new-year closing price may be greater than 2%. ☆☆ ☆ The price range is reversed from the newer closing. The rate may be greater than 3%. ☆☆☆☆ The reverse run of the period from the newer close may be greater than 4%. ☆☆☆☆☆ The reverse run of the period from the newer close may be greater than 5%. Risk Warning: Bulls: ☆ Short Risks: ☆ Tip: Eastern: Copper: Affected by the US dollar rally, yesterday's LME March copper showed a concussion trend of a sharp decline, supported by the 10-day moving average, rebounded late, compared to a closing price of 3272.5 USdollars/ton. Compared with the previous trading day, it dropped by 7.5 US$/ton, and the fluctuation ranged from 3307.5 to 3235.5 US$/ton. Yesterday, the LME copper stock dropped 350 tons to 49,100 tons. On the foreign exchange market, although the oil price hit a new high, the US dollar The yen and the yen have risen moderately. There are signs of the bottom at the moment. After consolidation, it is very likely that the rebound will occur in the later period. Judging from the current trend of copper prices, after the copper price hits a record high, there will be greater pressure for profit taking at the upper end of the short-term market. The domestic Shanghai copper continued to show a rising trend yesterday, and the intraday price reached a record high, which was closely related to the sharp rise in domestic spot prices yesterday. The spot price reported yesterday was 32940~33090 yuan/ton, and the change in the domestic spot price will directly affect The trend of futures prices is dominated by short-term intraday trading. Aluminium: Affected by the US dollar rally, LME aluminum prices fell back yesterday, and fell below the support of the 10-day moving average, closing at 1971.5 US dollars/ton compared to the end. The short-term graphics still need to fall. LME aluminum stocks fell by 3,375 tons yesterday. To 563,000 tons. Yesterday, the Shanghai domestic aluminum stocks oscillated in a wide range, and the trading volume was once again enlarged. As other varieties rose sharply, the promotion of speculative buying became the main factor in the rise in aluminum prices, and short-term follow-through should pay close attention to changes in trading volumes and positions. The domestic spot price rose yesterday to 16640~16660 yuan/ton. Operation should use the intraday oscillation short-term operation. Overseas Express: LME Market Report: London, March 17th: The London Metal Exchange (LME) base metal fell on Thursday, and the technical selling pressure on three-month zinc suffered from other basic metals. A LME trader said: " Zinc leads the downtrend. Market participants have taken profits early in the morning... It is expected that all base metals may experience more selling pressure on Friday.” Three-month zinc futures fell nearly 5%, closing lower US$68 to 1,371 per tonne. Three-month aluminum fell 1.45%, and three-month copper fell 0.8%. “Actually, the market's rally this week has not received follow-through buying support, so it looks a bit fragile. I’m "I wonder if some funds have already withdrawn from the market," another trader said. During the period, zinc hit a record high of 7,450 US dollars on a seven-and-a-half year new high on Wednesday. Copper also hit a record high of US$3,307 in the electronic trading system. *The market is only A brief decline* "I think this is only a temporary phenomenon. The market has not seen any major changes. I think the popularity is only a temporary decline," said IngridSternby, an international analyst at Barclays Capital. "I think a few irresponsible bulls have thrown their hold. Parts, but market trends still look much." She It is said that zinc will find support between US$1,350-1,370. Although the market is down today, analysts still expect that base metals will continue to attract large amounts of fund inflows, as oil prices hit record highs, and General Motors releases profit warnings globally. The stock market has fallen, the dollar is difficult to determine, and the outlook for industrial demand is good. “Nearly a wave of rising... It is usually a very good sign to be helped by renewed speculative buying from China,” Sternby said. "The overall fundamentals are in good condition, which will support the rising trend of copper prices. In addition to today's downtrend, copper prices may also be pulled back in the short-term, but overall, I think the price of copper will surely rise again," she said. Three months Copper futures closed down 27 U.S. dollars to 3,265. Three-month aluminum futures fell 29 U.S. dollars from Wednesday's close at 1,969. Three-month tin did not attract any buying interest at 8,450/550. Three-month nickel fell by 150 U.S. dollars to 15,850. Three-month lead fell by 12 U.S. dollars to 950. COMEX Copper Market Report: New York, March 17th: Copper futures on the New York Mercantile Exchange (COMEX) fell slightly in the quiet market on Thursday, brokers said that the copper show Finishing the trend, investors are stuck in the market for new contracts Locked-in profit during the high period. "Much like the continuation of yesterday's range decline, traded within a 1-cent range," a broker said. COMEX indicator May futures closed down 0.15 cents at $1.5045 per pound. Today, the intraday trading range was between 1.4925-1.51 US dollars. The period of copper hit a contract high of 1.5210 US dollars on March 8. The spot copper price was unchanged at 1.5060 U.S. dollars in March, and once rose to above 1.5230 during the session. The contract reached a new high. Analysts said that the copper failed to break through the resistance above $1.52, which may indicate that copper has entered the initial stage of construction.

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