Analysts predict copper prices will fluctuate and rise next week, focusing on trade data
Release time:
2019-10-12
After the short holiday, although the rebound of the US dollar index suppressed bulk commodities, the Shanghai Futures Exchange copper market remained stable this week under the support of the peak season effect, maintaining a narrow range of fluctuations. The total open interest of Shanghai Futures Exchange copper remains at a record high above 800,000 lots, with long and short positions still in a stalemate without any obvious directional signals. How will Shanghai Futures Exchange copper perform next week?
SMM's survey of special analysts shows: 8 people expect a fluctuating upward trend (+/- 1%), 5 people expect an upward trend, 3 people expect a fluctuating downward trend (+/- 1%), and 1 person expects a downward trend
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