Copper jumped close up
Posted by sunny27 on Feb 07, 2010Copper jumped close up
LME price Dell Battery movements in the U.S. Federal Reserve yesterday cut its base rate by 50 basis points, the electronic disc soared 292.5 U.S. dollars a day of crude oil a new high momentum, the dollar continued to weaken, boosting the fund within the overall trend. Of these, short covering into the price uplift of the passive active force in March copper was down trend in the total open interest, the price broke through 7700-7750 U.S. dollars a high platform, so far the initiative long enough energy, and the short-term interest rate policy on the price incentives large stable market sentiment, it will choose the more long-term price direction. At least we believe that entities in the current atmosphere of macro-indicators is still unstable, the copper must also be wide-shock situation, the situation continued to rise in one direction would have dell latitude c600 battery difficulty maintaining.
Macro level, last night announced a new round of the U.S. dell latitude d410 battery real estate index quite optimistic about the U.S. August housing starts fell to 1.331 million annual rate, below the estimate of 1.35 million, and in July of data to be cut; replacement ratios U.S. August housing starts fell 2.6% in July fell a revised 6.9% decline initially reported 6.1%; construction permits, building permits in August dropped 5.9 percent, the U.S. real-estate weakness continue to deteriorate.
However, the market has not much response to the data yesterday, is expected followed by a larger entity indicators, which will guide a more stable price direction. On inflation, the latest CPI data on mild U.S. fell 0.1 percentage dell latitude c610 battery points, but the recent crude oil’s gains will increase the risk of inflation.
Agency is expected to last, WBMS and ICSG judgments on the shortage of copper also boost the supply of copper, consumption is still their focus on the BRIC countries that rapid increases in the demand.
National trend, on Wednesday the performance of full-Shanghai copper outer disc appear more rational, the price divergence in the 67,000 yuan, the current 0712 contract closed at 67,000 yuan a temporary high platforms. Afternoon operation, after more than a single still holds, but it should pay close attention to trends outside the disc, or can choose a high point of profit-taking open positions. Outer plate at the top will be the first encounter in 8000 U.S. dollars an integer dell latitude d420 battery off the pressure.