Copper market holiday consecutive non farm or delayed time bomb

2026-10-20

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On Thursday, London copper fell rapidly after the Asian session, hitting a low of 5968.5 in the evening and closing at 5985, down $50/0.83%. Shanghai copper closed at 43340 yuan in the evening session of 1506. Due to the consecutive Easter holidays in Europe and America, as well as the Qingming holiday in China, the final non farm payroll data in the United States this week has become a "delay bomb". Shanghai copper is expected to fluctuate and wait for guidance during the week. The support level of 43000 below Shanghai copper is facing a test. It is recommended to hold long and light positions, with reference to the stop loss level of 42800.

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