SHFE Copper Strengthens (2017-6-8)-Shanghai Metals Market

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SHFE Copper Strengthens (2017-6-8)

Price Review & Forecast 04:49:21PM Jun 08, 2017 Source:SMM

SHANGHAI, Jun. 8 (SMM) – On Thursday, SHFE 1708 copper opened at RMB 45,060/mt and then slid to RMB 44,940/mt. Later, the contract started rising, up to as high as RMB 45,360/mt, and closed at RMB 45,260/mt with big gains. Positions reduced 4,762 to 219,000 and trading volumes fell 68,000 lots.

SHFE 1708 copper will challenge resistance at the 20-day moving average on Thursday’s night trading.

Key Words:  SHFE copper  LME copper  copper prices 

SHFE Copper Strengthens (2017-6-8)

Price Review & Forecast 04:49:21PM Jun 08, 2017 Source:SMM

SHANGHAI, Jun. 8 (SMM) – On Thursday, SHFE 1708 copper opened at RMB 45,060/mt and then slid to RMB 44,940/mt. Later, the contract started rising, up to as high as RMB 45,360/mt, and closed at RMB 45,260/mt with big gains. Positions reduced 4,762 to 219,000 and trading volumes fell 68,000 lots.

SHFE 1708 copper will challenge resistance at the 20-day moving average on Thursday’s night trading.

Key Words:  SHFE copper  LME copper  copper prices