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SHFE Copper Closes with Losses (2017-6-15)
SHANGHAI, Jun. 15 (SMM) – On Thursday, SHFE 1708 copper opened at RMB 45,400/mt and then rallied to RMB 45,770/mt with positions closing by shorts. The contract later fell back after meeting resistance at the 10-dat moving average, and closed at RMB 45,600/mt, down RMB 200/mt. Positions reduced 6,444 to 208,000 and trading volumes dropped 4,132 to 220,000 lots. SHFE 1708 copper will fluctuate among the moving averages for the foreseeable future.
SHFE Copper Closes with Losses (2017-6-15)
SHANGHAI, Jun. 15 (SMM) – On Thursday, SHFE 1708 copper opened at RMB 45,400/mt and then rallied to RMB 45,770/mt with positions closing by shorts. The contract later fell back after meeting resistance at the 10-dat moving average, and closed at RMB 45,600/mt, down RMB 200/mt. Positions reduced 6,444 to 208,000 and trading volumes dropped 4,132 to 220,000 lots. SHFE 1708 copper will fluctuate among the moving averages for the foreseeable future.
