Copper market holiday one after another, non-agricultural or a delay bomb
2022/07/18
On Thursday, London copper fell quickly after the Asian session, hitting a low of 5968.5 in the evening and closing at 5985, down $50/0.83%. Shanghai copper 1506 closed at 43340 yuan in the evening session. Due to the successive Easter holidays in Europe and the United States and the Qingming holidays in China, this week's final US non-agricultural data has become a "delayed bomb". Shanghai copper fluctuated and waited for guidance during the week. The support of 43,000 below Shanghai copper is facing a test. For single wet storage, refer to the stop loss 42800 line.
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