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📅 2026-11-06 · SHFE Copper · Single-name brief

This report is provided by MacroTerms.com

Data as of: 2026-11-05 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

Copper (SHFE.CU) Deep Analysis Report | Bearish Oscillation Pattern and Short Opportunities | 2026-11-06

Bearish. Night session copper closed at 104950, down 1.29% from settlement, with an intraday low of 104270. The 5-day moving average continued to weaken, and long positions increased while net short positions narrowed, primarily due to short covering. Fundamental accumulation of inventories increased pressure, while the technical key resistance stood at 106226, with support at 105350. Direction invalidated: night session close back above 106226.

Previous briefs

2026-11-05:Single-nameCopper (SHFE.CU) Deep Analysis Report | Bearish Watch with Support Failure | 2026-11-05 View 2026-11-04:Single-nameCopper (SHFE.CU) Deep Analysis Report | Bearish Watch 106090 | 2026-11-04 View 2026-11-03:Single-nameSHFE.CU Deep Analysis Report | Pullback Near Pivot, Lower Band Bullish | 2026-11-03 View 2026-11-02:Single-nameCopper (SHFE.CU) Deep Analysis Report | Bearish Outlook on Range Low | 2026-11-02 View 2026-11-01:Single-nameCopper (SHFE.CU) Deep Analysis Report | Bearish Pattern Observed, Watching for Pullback to Support | 2026-11-01 View 2026-10-31:Single-nameCopper (CU2612) Deep Analysis Report | Bearish: Inventory Accumulation and Net Short Expansion | 2026-10-31 View 2026-10-30:Single-nameCopper (CU2612) Deep Analysis Report | Bearish: High Copper-to-Gold Ratio Amid Reducing Positions | 2026-10-30 View 2026-10-29:Single-nameSHFE Copper (CU2612) In-Depth Analysis | Bullish, Inventory Destocking + Premium Recovery in Tandem | 2026-10-29 View 2026-10-28:Single-nameSHFE Copper (CU2612) In-Depth Analysis | Bullish: Destocking + Premium Rebound, Night Session Breaks Pivot P | 2026-10-28 View 2026-10-27:Single-nameCopper (CU2612) Deep Analysis | Bullish: Inventory Drawdown + Premium Recovery | 2026-10-27 View 2026-10-26:Single-nameSHFE Copper (SHFE.CU) Deep Analysis Report | Bearish Observation 107900 Settlement | 2026-10-26 View 2026-10-25:Single-nameSHFE Copper (SHFE.CU) Deep Analysis Report | Bearish Watch | 2026-10-25 View 2026-10-24:Single-nameCopper (SHFE.CU) Deep Analysis Report | Bearish Logic Complete | 2026-10-24 View 2026-10-23:Single-nameShanghai Copper (CU2611) In-depth Analysis Report | Bearish Bias: Breaks Below 20-Day Channel Lower Band on Rising Open Interest | 2026-10-23 View 2026-10-22:Single-nameShanghai Copper (CU2611) In-depth Analysis Report | Bearish Bias: Inventory Drawdown Cannot Offset International Fund Position Cuts | 2026-10-22 View 2026-10-21:Single-nameShanghai Copper (CU2611) In-depth Analysis | Bullish Bias: Inventory Destocking and Domestic-External Resonance, 109833 as Bull-Bear Watershed | 2026-10-21 View 2026-10-20:Single-nameSHFE Copper (CU2611) In-Depth Analysis Report | Slightly Bullish: Destocking Plus Short Covering | 2026-10-20 View 2026-10-19:Single-nameSHFE Copper (CU2611) In-depth Analysis Report | Bullish Bias: Inventory Destocking and High Copper-Gold Ratio Resonance | 2026-10-19 View 2026-10-18:Single-nameSHFE Copper (CU2611) In-Depth Analysis Report | Bearish Bias: LME Inventory Down, SHFE Up; Seat Net Shorts Expand | 2026-10-18 View 2026-10-17:Single-nameShanghai Copper (CU2611) In-Depth Analysis Report | Bearish Bias: Inventory Turning Point and Expanding Net Short Positions | 2026-10-17 View

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