Although rebound may die hard Hutong vulnerable period of City News _ _ _ Sina Sina Financial
Posted on Jun-03-2008· by china investor
Zengzi built by every reporter Xu Jing-wei (intern) from Chengdu
In the U.S. dollar after the publication of strong economic data, due to the lack of new themes, Lundun Tong Affected by this, the below lifeline of the 8,100 U.S. dollars, down from Powei the trend.
Recently, Hu Tong was also in session break the psychological level of 60,000 yuan to create a low of 59,880, a new round of mid-level market adjustment may have come.
As the market remains on the Hutong with investors worried about yesterday morning Hutong main contract cu0808 in 550 points higher, the resulting wave of diving prices, showed price shocks trend of the day, closing at 60,130 yuan, down 0.20 percent, Turnover than the day before to be reduced.
Hutong or short-term rebound
With a quarter of imports of refined copper and reduce its own domestic copper production increased, and many other factors, Hutong not a small price to bear the blow from the highest point down to 70,070 now near the 60,000 points during this period The withdrawal of all funds have, Hutong prices were synchronized with the position the downward trend.
But we all out in the medium-term adjustment to avoid the risk, they still have funds "go its own way," Hu Tong cu0808 successive days to buy the contract, does it indicate that the main short-term contract there is a chance to do ?
背景的金瑞期货更是表现çªå‡ºã€‚ Futures positions by observing the company can be found, despite the financial Hutong the future trend of a concern, the phenomenon of a withdrawal, but in the more cu0808 single contract, a mining background futures companies are gradually beginning to show in more than a single-ranked, Which has background Jinrui Futures is outstanding performance.
In the past few trading days, the company not only enlarge the volume of transactions every day nearly 1,000 more are in hand to eat into the large-scale multi-alone. Hutong in the day before prices fell below 60,000 yuan was promptly pulled up and a turnover of nearly a year since the days of shows that are currently a large number of funds approach.
Hu Tong yesterday opened higher after the fall, a concussion trend of the day, trading volume has also reduced, and eventually fell slightly, while that of the current Duokong parties are still in Jiaozhuo state, investors existence of a turnaround in prices possible.
At the same time mainly to the capital of Zhejiang Province recently also bears the hands of the steady decline in single-space, the initial profit-taking carried out. Hutong down from the high point so far, the shorts have saw good returns from short positions are short-term profit on a certain market also supported. Also technically Hutong there is a rebound in demand, which may indicate that Hutong on a short-term opportunities.
Investors will continue for the disadvantaged
Early foreign organizations claimed that Chinese demand will continue strong Chinese demand will offset the impact of lower demand in North America. But reality shows that Lundun Tong stocks continued to increase, the demand of China's long dashed expectations.
From a long-term perspective, Hu Tong trend in adjustment, the overall downward trend will continue, first of all, although the U.S. economy has yet to stabilize a sign, but according to the recent economic data showed the U.S. economy is likely to decline, which would Lundun Tong increase the pressure, and Hu Tong will be affected by this weakness.
Second, the recent comprehensive non-ferrous metals fell, fundamentals have been difficult to support the bull market pattern of non-ferrous metals, and the imminent arrival of a seasonally adjusted basis, copper consumption off-season prices will inevitably affect the trend.
The industry believes that the current domestic copper supply stability and an increase in demand to be more satisfied, at the same time, the situation was under increasing pressure, a major Hutong future changes, is still adjusting pattern will remain vulnerable, investment Who should be treated with caution, Feng Gao of the future will be a short operation Hutong the basic idea.
chinainvestor:本版contents of the article was supplied by MarketWatch, does not constitute investment advice. Investors this operation, own risk.
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