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July 4 London Copper morning review

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

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Overnight, London copper opened at 6565.
5 US dollars / ton, the overall high fell back, the intraday high to 6612.
5 US dollars / ton, after entering Europe and the United States, the decline trend was obvious, breaking down to around 6493 US dollars / ton, closing at 6509 US dollars / ton
.

London copper

The U.
S.
plans to start imposing tariffs on $34 billion of Chinese goods on July 6, and investors worry that the move will seriously affect the economy
.
Overnight, London copper fell to around $6,500, and the main force of Shanghai copper fell below the 51,000 support level, and the weakness continued
.

Yesterday, the Ministry of Foreign Affairs responded strongly to the tariff policy of the Trump administration on July 6, aggravating the fear of the trade war, and the signs of weakening China's PMI also made it worried about Chinese consumption, and European and American hedge funds partially withdrew from the market, breaking the 6500 mark
.
Follow-up attention to the support of London copper 6500, it is expected that this position will be strong support in the short term, if there is a sharp breakdown, copper prices may appear to kill and fall
.

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