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British Futures early assessment: Shanghai copper on the red 50000, bearish caution
Views:  Date:2014-07-01 10:29:47

Market analysis: Shanghai copper 1409 main contract continued to close at the cross yesterday, the top again by 49700 near the pressure, below the 5-day moving average once again highlighted the strong support. Shanghai copper and LME copper rose again on the night, 08 and 09 both stand on the 50,000 mark integer mark, rally, such as rainbow. Short-term copper attack on the long-standing pressure point, indicating that the kinetic energy of copper to do more strong. So bearish need to be careful, have to stop in accordance with the plan in a timely manner.


Operational recommendations: copper 1409 temporarily stay on the sidelines, chasing more inappropriate.

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