Copper: Aluminium copper 9,000 US dollars fall into the European debt crisis Besieged in this week is a global central bank meeting interest Zhou Lan copper fell to 9,000 US dollars in the mark domestic spot data: spot market today Yangtze River non-ferrous metal quotes, 1# copper spot price quoted at 66900 yuan/ton ~ 67350 RMB/ton, Pingshui ~ Shengshui 100; A00 aluminum spot price is RMB 17,720/ton ~ 17,760 yuan/ton, and premium is RMB 60 ~ 100 yuan/ton.
European debt “main battlefield†Greece, which has been at the center of public opinion, has recently returned to the waves. There was an official warning that the debt problem was “out of controlâ€. Later, due to major differences on the issue of budget deficit reduction, negotiations with the European Union, the International Monetary Fund, and the European Central Bank on the next batch of relief funds were suspended. Even worse, when the decision of Greece to convince private investors to participate in the bond exchange plan is approaching on Friday, Italy, the third largest economy in the euro zone, has a sideline, announcing that it will cancel earlier said The scale of up to 455 million euros austerity program. For a time, the debt crisis in Europe suddenly emerged "all over the surface". Let the European Central Bank's monetary policy meeting this Thursday be confusing. Obviously, Europe this week is destined to become the focus of the global market. This week is again a global central bank's interest-rate week. Australia, Japan, Canada, the United Kingdom, and the European Central Bank will hold monetary policy conferences in succession. Under the background of the slowdown in global economic growth and the expectation of a new round of quantitative easing by the Fed, the actions of central banks in major economies will exert a strong impact on the market. The financial attributes of metal species are strong. In this crucial week of interest rates this week, the metal market is doomed to be unsteady.
From the trend of London Copper, yesterday's resistance at the 5th line, the price shocks all the way down, the three-in-one important position of 9000 US dollars also fell through, today's price continued to decline, and further breakdown below the 20th line support. From the technical trend, the lower price of 9000 US dollars will show a weak pattern. Waiting for the announcement of the employment stimulus plan of US President Barack Obama on Thursday, when the dawn of the market will reappear, the trend of lower prices may be able to save. Aluminium's trend is also not optimistic, a long negative overnight fell directly below the threshold of 2400 US dollars, today's electronic price continues to bottom, in the absence of favorable conditions for the market, the future price will continue to decline in a weak shock.
After the domestic Shanghai copper market fell below the 9,000 US dollar mark in the outer disk, copper today 1111 main contract is also sinking. After opening at 67100 today, after a brief sideways shock, the price turned downward and the minimum price reached 66330. Today's trading volume and open interest have seen a simultaneous increase. This poses a further pressure on the already weak copper price. There is room for downside price, short-term support for the 66,000 line.
Shanghai Aluminum's trend is basically the same as that of Shanghai Copper. After a low open in the morning, after a slight trial of the sideways price, the futures price will choose to continue bottoming out. Today's 1111 main contract fell below the moving average system. At present, many of the average moving average systems constitute counter pressure on the market price. With heavy selling pressure, prices are expected to continue to fall in the next two trading days, and the bottom support position is at 17,000.
European debt “main battlefield†Greece, which has been at the center of public opinion, has recently returned to the waves. There was an official warning that the debt problem was “out of controlâ€. Later, due to major differences on the issue of budget deficit reduction, negotiations with the European Union, the International Monetary Fund, and the European Central Bank on the next batch of relief funds were suspended. Even worse, when the decision of Greece to convince private investors to participate in the bond exchange plan is approaching on Friday, Italy, the third largest economy in the euro zone, has a sideline, announcing that it will cancel earlier said The scale of up to 455 million euros austerity program. For a time, the debt crisis in Europe suddenly emerged "all over the surface". Let the European Central Bank's monetary policy meeting this Thursday be confusing. Obviously, Europe this week is destined to become the focus of the global market. This week is again a global central bank's interest-rate week. Australia, Japan, Canada, the United Kingdom, and the European Central Bank will hold monetary policy conferences in succession. Under the background of the slowdown in global economic growth and the expectation of a new round of quantitative easing by the Fed, the actions of central banks in major economies will exert a strong impact on the market. The financial attributes of metal species are strong. In this crucial week of interest rates this week, the metal market is doomed to be unsteady.
From the trend of London Copper, yesterday's resistance at the 5th line, the price shocks all the way down, the three-in-one important position of 9000 US dollars also fell through, today's price continued to decline, and further breakdown below the 20th line support. From the technical trend, the lower price of 9000 US dollars will show a weak pattern. Waiting for the announcement of the employment stimulus plan of US President Barack Obama on Thursday, when the dawn of the market will reappear, the trend of lower prices may be able to save. Aluminium's trend is also not optimistic, a long negative overnight fell directly below the threshold of 2400 US dollars, today's electronic price continues to bottom, in the absence of favorable conditions for the market, the future price will continue to decline in a weak shock.
After the domestic Shanghai copper market fell below the 9,000 US dollar mark in the outer disk, copper today 1111 main contract is also sinking. After opening at 67100 today, after a brief sideways shock, the price turned downward and the minimum price reached 66330. Today's trading volume and open interest have seen a simultaneous increase. This poses a further pressure on the already weak copper price. There is room for downside price, short-term support for the 66,000 line.
Shanghai Aluminum's trend is basically the same as that of Shanghai Copper. After a low open in the morning, after a slight trial of the sideways price, the futures price will choose to continue bottoming out. Today's 1111 main contract fell below the moving average system. At present, many of the average moving average systems constitute counter pressure on the market price. With heavy selling pressure, prices are expected to continue to fall in the next two trading days, and the bottom support position is at 17,000.
Digital Display Repeater Co., Ltd. , http://www.nsselectronic.com