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Analysts look at copper prices next week, shocks rise, focus on trade data

Analysts look at copper prices next week, shocks rise, focus on trade data

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2019-10-12 14:11
  • Views:8

(Summary description)Afterthereturnofthesmallholiday,althoughtheUSdollarindexreboundedtosuppresscommodities,theShanghaicoppermarketremainedstablethisweek,supportedbythepeakseasoneffect,maintaininganarrowrangeoffluctuations.ThetotalholdingsoftheShanghaicopperfuturesofmorethan800,000arestillattherecordhighlevel,andthelongandshortpositionsarestillinastalematestagewithnoobviousdirectionsignals.HowwilltheShanghaicopperfuturesgonextweek?    SMM'ssurveyofspecialanalystsshowedthat8peoplesawashockincrease(+-1%),5peoplewerebullish,3peoplesawashock(+-1%),and1personwasbearish

Analysts look at copper prices next week, shocks rise, focus on trade data

(Summary description)Afterthereturnofthesmallholiday,althoughtheUSdollarindexreboundedtosuppresscommodities,theShanghaicoppermarketremainedstablethisweek,supportedbythepeakseasoneffect,maintaininganarrowrangeoffluctuations.ThetotalholdingsoftheShanghaicopperfuturesofmorethan800,000arestillattherecordhighlevel,andthelongandshortpositionsarestillinastalematestagewithnoobviousdirectionsignals.HowwilltheShanghaicopperfuturesgonextweek?    SMM'ssurveyofspecialanalystsshowedthat8peoplesawashockincrease(+-1%),5peoplewerebullish,3peoplesawashock(+-1%),and1personwasbearish

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2019-10-12 14:11
  • Views:8
Information
After the return of the small holiday, although the US dollar index rebounded to suppress commodities, the Shanghai copper market remained stable this week, supported by the peak season effect, maintaining a narrow range of fluctuations. The total holdings of the Shanghai copper futures of more than 800,000 are still at the record high level, and the long and short positions are still in a stalemate stage with no obvious direction signals. How will the Shanghai copper futures go next week?
        SMM's survey of special analysts showed that 8 people saw a shock increase (+-1%), 5 people were bullish, 3 people saw a shock (+-1%), and 1 person was bearish

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