Ultima Markets【 Market Analysis 】 Copper prices have finally broken through the high point, will they skyrocket or make a deep adjustment...

todayUltimaMarkets Bringing you 2023year 12month 28Japanese copperIn depth analysis.

Fundamental points

•        铜供应预期减弱：由于巴拿马政府下令关闭一座大型铜矿，以及英美资源集团下调了明年的产量预期，市场目前对明年铜供应大幅增长的预期有所减弱。伦敦金属交易所三个月期铜周三上涨0.6%，至每吨8,624美元，今年以来累计上涨了3%。
•        美元疲软带动铜价：因市场预期美国将迅速降息，且明年市场平衡将趋紧，这导致以美元定价的大宗商品水涨船高。因为对于其他货币的买家来说，这些商品变得更便宜，会促使出口国对大宗商品的需求增加。
  

technical analysis

Daily chart analysis

Copper daily chart, sourceUltima Markets MT4）

•        Random oscillation index：指标缓慢进入超买区域，行情终于突破前高，但是指标却并未触及前期超买水平。这暗示行情后续将迎来爆发增长带动指标快速上行，反之则形成顶背离后将走深度回调。
•        bareKstructure：市场价格昨日终于出现大阳K突破前高，关键点在于前一日的K线为长上影线的蜡烛线。通常突破这样的影线高点暗示多头最终占据了上风，本周继续走高的概率较大。
  

1Hour chart analysis

Copper1Hour chart, sourceUltima Markets MT4）

•        Random oscillation index：指标发出空头信号，暗示行情亚盘时段或将进入回调。等待再度发出多头信号后，可以关注做多机会。
•        ATRCombination indicators：昨日行情突破12month20日以来的高点，ATR组合指标发出信号暗示当前突破有效。当前需等待略微调整后即可寻找做多机会。
  

Trading CentralHub Line Indicators

Copper30Minute chart, sourceUltima Markets APP）

•        according toUltima Markets APPInTradingCentralHub line indicators, central price range for the day3.9385，
•        3.9385Upward bullish, first goal3.9800Second objective3.9920
•        3.9385Under bearish, first target3.9180Second objective3.9065
  

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.Ultima MarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.