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July 10 London Morning Review

 Last Update: 2022-12-11
 Source: Internet
 Author: User

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Overnight, London copper was pressed on the five-day line, opening at 6329 US dollars / ton, London copper low rebound, high 6438 US dollars / ton, but it was slightly difficult to break through the five-day line, the low to 6328 US dollars / ton, and finally closed at 6405 US dollars / ton, up 96.
5 US dollars / ton, the position to 319,000 lots
.

London copper

After the macro risk landed, the spot market transaction has improved, the spot has also turned into a slight premium, therefore, under the support of the spot, copper prices stabilized and rebounded, in addition, after the spot stabilized, copper mine strikes and other supply risks re-entered the market vision, but the current inventory is still relatively high overall, therefore, the rebound of copper prices is subject to certain constraints
.

The internal and external plates have been pressured by the five-day moving average, which shows that the short-term pressure is still prominent, and although the current trend is necessary for a low counter-pump, it is still limited by the macro unstable situation
.
The London copper range is expected to be 6380-6450
today.

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