Wen Hua Finance (Editor Ji Fang) - Tuesday, the entire international financial products and related products and stocks have again demonstrated the style of the super bull market! Types Of Shackles,Crosby G2130,Bolt Shackle,Bolt Type Anchor Shackle Guangdong Gongyou Lift Slings Machinery CO.,LTD , https://www.wmpallettruck.com
Copper futures on the London Metal Exchange (LME) soared 870 U.S. dollars or 11.4% on Tuesday, representing a larger one-day gain. Other base metals also rebounded from recent corrections. With short covering, stop-loss buying and a new round of speculative buying taking place in the afternoon, other metals also rose sharply.
Three-month aluminum also rose from 2,760 US dollars to 2,870, intraday Masukura 1885, trading volume of 101,801, inventories increased 2225 tons. Spot / three months discount 31/30.
Affected by the rise of London Aluminum, the domestic Shanghai Aluminum all contracts opened to the close with a daily limit.
Shanghai's spot aluminum prices were reported at 21,950 yuan on Wednesday, up 940 yuan from the previous Monday; futures closed at 21,760 this month, and the suspension limit was lower than the spot price.
Due to the excessive increase of the metal super bull market this time, the recent exchange rate and even the fluctuations of the surrounding crude oil and precious metals have all been triggered to varying degrees. Therefore, the adjustment is inevitable, but at the same time we see that in the relative “low position, the fund The bulls approach again.
From a technical point of view: because of the madness of the entire international commodity market on Tuesday, London Aluminum also followed. The current suspense is whether this rise is a recovery gain after the adjustment is completed or a phased head recognizing upwards withdrawal. Before the basic metals in London have reached a new high, we still need to keep a clear head, but anyway, the passionate Buying makes London Copper not far from a new high. In wave theory, if this time up is a B-wave of freshman grade, the market outlook will face a deep C wave adjustment. Of course, taking other complicated adjustment forms such as triangle, double three and so on is also inevitable. LITTLE has said to be a "long trap" when positioning B waves. We must maintain a high degree of vigilance. Secondly, we also retained the 5-3-5 adjustment of 3310-2680. This adjustment has been completed during the entire adjustment process. The standard measure is to continue to see new highs in London aluminum 3310 and 2680 respectively. It is 24830 and 21010, and the ratios are 7.5015 and 7.8396, respectively. The median value is 7.6705. Then we assume London closes 2870 on Wednesday. The price of domestic aluminum for 3 months should be 22014, which is one of the reasons for the 609 trading on the daily limit board on Wednesday. .
On London Al's time-sharing chart, it currently operates in the 4 small wave adjustment of B-wave a. So, the possible trend of London's intraday trading on Wednesday is to complete the 4-5 and B-wave pre-market of B-wave a: a slight decline after the red.
In any case, the current rebound is normal and long-term bullishness remains unchanged. In the medium term, the market is adjusted according to adjustments, and the short-term operation is confirmed in the rebound adjustment.