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📅 2026-10-19 · 上海期貨・銅主力 · 銘柄別深度レポート

本レポート提供元 MacroTerms.com

データ基準日: 2026-10-16 · 決済基準: 取引所決済価格（北京時間15:00終値、前回決済比）

SHFE Copper (CU2611) In-depth Analysis Report | Bullish Bias: Inventory Destocking and High Copper-Gold Ratio Resonance | 2026-10-19

Directional conclusion: SHFE Copper (CU2611) is biased to the upside. The core logic lies in continued international market inventory destocking and rising Yangshan premium jointly confirming spot resilience, combined with growth-expectation repair reflected by the copper-gold ratio at the 92.46th percentile over one year. Technically, the [10-16 settlement] at 109450 sits at the 62.7th percentile of the 20-day channel; the next pivot P is 109566.67, with R1 above at 110533.33. Fund positioning shows a short-covering pattern of rising prices on falling open interest; top-20 seats net short 29471 lots, widening by 5777 lots versus the prior day, while COT managed-money net longs have declined for three consecutive weeks but CTA remains at a high of 62. Invalidation conditions: daily close below 108893.33 (S1), or the international market breaking below 6.5303.

銘柄別深度レポート 深度分析

上海期貨・金主力SHFE.AU 2026-10-19
SHFE Gold (SHFE.AU) In-Depth Analysis Report | Bullish Bias | 2026-10-19
LONGdaily-briefaligned
深掘り読む
上海期貨・銀主力SHFE.AG 2026-10-09
Shanghai Silver (SHFE.AG) In-Depth Analysis Report | Bears in Control, Below 14745 Target 14220 | 2026-10-09
SHORTneutral_contextrevised旧カバレッジ
深掘り読む
上海期貨・銅主力SHFE.CU 2026-10-19
SHFE Copper (CU2611) In-depth Analysis Report | Bullish Bias: Inventory Destocking and High Copper-Gold Ratio Resonance | 2026-10-19
LONGneutral_context
深掘り読む
上海期貨・鉄筋主力SHFE.RB 2026-10-19
Rebar (RB2701) In-Depth Analysis Report | Moderately Bullish: Rising on Increased Open Interest Testing 3084 | 2026-10-19
LONGneutral_context
深掘り読む
リンゴCZCE.AP 2026-10-19
CZCE.AP(AP2701) In-depth Analysis Report | Bearish: Rising Open Interest Breakdown, Record-High Open Interest | 2026-10-19
SHORTno_house_view
深掘り読む
大連・鉄鉱石主力DCE.I 2026-10-19
Iron Ore (I2701) In-Depth Analysis Report | Slightly Bullish: Night Session Short Covering, Stabilizing Near 20-Day Low Zone | 2026-10-19
LONGno_house_view
深掘り読む
鶏卵DCE.JD 2026-10-19
DCE Egg Main Continuous (DCE.JD) In-Depth Analysis Report | Bearish: Position-cutting decline in the lower range of the past 20 days | 2026-10-19
SHORTno_house_view
深掘り読む

過去のレポート

2026-10-18：銘柄別SHFE Copper (CU2611) In-Depth Analysis Report | Bearish Bias: LME Inventory Down, SHFE Up; Seat Net Shorts Expand | 2026-10-18 見る 2026-10-17：銘柄別Shanghai Copper (CU2611) In-Depth Analysis Report | Bearish Bias: Inventory Turning Point and Expanding Net Short Positions | 2026-10-17 見る 2026-10-16：銘柄別SHFE Copper (CU2611) In-depth Analysis | Bearish: Inventory Surge Combined with Expanding Net Shorts | 2026-10-16 見る 2026-10-15：銘柄別SHFE Copper (CU2611) In-Depth Analysis Report | Bullish Bias: Inventory Destocking Coupled with Strengthening International and China Market Premiums | 2026-10-15 見る 2026-10-14：銘柄別Deep Analysis of SHFE Copper: Bullish, Copper-Gold Ratio at Historical Extreme Percentile | 2026-10-14 見る 2026-10-13：銘柄別SHFE Copper (CU2611) In-depth Analysis Report | Bullish Bias: Inventory Destocking and Copper-Gold Ratio Resonance | 2026-10-13 見る 2026-10-12：銘柄別SHFE Copper (CU2611) In-Depth Analysis | International Market Strength vs. China Market Position-Cut Divergence, Bullish but Needs Confirmation | 2026-10-12 見る 2026-10-11：銘柄別SHFE Copper (SHFE.CU) In-Depth Analysis Report | Bullish | 2026-10-11 見る 2026-10-10：銘柄別In-Depth Analysis of SHFE Copper: Bullish Bias and International vs. Chinese Market Premium | 2026-10-10 見る 2026-10-09：銘柄別旧カバレッジSHFE Copper (SHFE.CU) In-Depth Analysis Report | Bullish Bias | 2026-10-09 見る 2026-10-08：銘柄別旧カバレッジShanghai Copper In-Depth Analysis: Bullish Bias, Driven by International and China Market Premiums and Warehouse Receipt Drawdown | 2026-10-08 見る 2026-10-01：銘柄別旧カバレッジSHFE Copper (SHFE.CU) In-Depth Analysis Report | 2026-10-01 Bullish Bias: Rising Open Interest with Warehouse Receipt Drawdown | 2026-10-01 見る 2026-09-30：銘柄別旧カバレッジSHFE Copper (SHFE.CU) In-Depth Analysis Report | 2026-09-30 Bullish: Low Inventory and High Premium Support | 2026-09-30 見る 2026-09-29：銘柄別旧カバレッジSHFE Copper (SHFE.CU) In-Depth Analysis Report | 2026-09-29 Pre-Holiday Position Reduction vs. Inventory Drawdown | 2026-09-29 見る 2026-09-28：銘柄別旧カバレッジShanghai Copper In-Depth | Low-Volume Pullback to MA20, Pre-Holiday PMI Pricing Window | 2026-09-28 見る 2026-09-27：銘柄別旧カバレッジSHFE Copper Deep Dive | Volume-Contracted Pullback to MA20, the Bull-Bear Watershed on the Eve of PMI | 2026-09-27 見る 2026-09-26：銘柄別旧カバレッジSHFE Copper (SHFE.CU) In-Depth Report | 2026-09-26 High-Level Low-Volume Consolidation Awaiting PMI Guidance | 2026-09-26 見る 2026-09-25：銘柄別旧カバレッジSHFE Copper (SHFE.CU) In-Depth Analysis Report | 2026-09-25 | Inventory Destocking vs High Open Interest Standoff | 2026-09-25 見る 2026-09-24：銘柄別旧カバレッジSHFE Copper (SHFE.CU) In-Depth Analysis Report | 2026-09-24 | Tariff Unresolved, Copper Prices Range-Bound at High Levels | 2026-09-24 見る 2026-09-23：銘柄別旧カバレッジSHFE Copper (SHFE.CU) In-Depth Analysis Report | 2026-09-23 Inventory Destocking vs High Open Interest | 2026-09-23 見る

⟠ 今月の戦略バックテスト

日報AI取引アイデアを日次で客観精算 · ストップ/ターゲット自動判定

* バックテストは日報の取引アイデアを日次で精算：ストップ/ターゲットの先到を優先、期間末は終値で手仕舞い。過去の成績は将来を保証しません。